Commercial Loans for Store Retailers

Looking for commercial loans for store retailers? Talk to a banker who works with the SBA. This $102,600 store retailers loan was issued by a Pennsylvania bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Perryopolis, Pennsylvania was able to borrow $102,600 from National City Bank. The SBA made the loan possible by guaranteeing $51,300 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
PERRYOPOLIS, PA 15473

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453998 - Store Retailers

Loan Approval Date

1/23/2004

Loan Approval Gross Amount

$102,600

Loan Approval from the SBA

Of the total $102,600 loan amount, the SBA guaranteed $51,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Perryopolis PA, you ought to talk with a local Perryopolis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Perryopolis businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National City Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National City Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Getting a Small Business Loan

SBA Participating Banks in Erie, Pennsylvania

SBA Participating Banks in Pennsylvania