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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Beaver, Business Loans > First National Bank - Pennsylvania Beaver Business Loans > Eating Places Loan | ||||
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Pennsylvania SBA 7A Lenders
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Beaver, Pennsylvania Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with a Beaver, Pennsylvania bank about an SBA loan? Here's one Pennsylvania business loan, issued by a Beaver bank, that was approved by the SBA. Applying for an SBA loan with First National Bank - Pennsylvania worked out well for our friends at one local business in Pittsburgh, Pennsylvania. They got an SBA loan for $127,000. Great job! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST NATIONAL BANK - PENNSYLVANIA This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/5/2000 Loan Approval Gross Amount $127,000 Loan Approval from the SBA Of the total $127,000 loan amount, the SBA guaranteed $95,250. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Advice on Getting a Small Business Loan SBA Participating Banks in Beaver, Pennsylvania
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