Indiana, Pennsylvania Lender Lends Money to Full-Service Restaurants Company
Get SBA loans from an Indiana, Pennsylvania bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
S & T Bank is a Indiana, Pennsylvania small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Pennsylvania company.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
PITTSBURGH, PA 15222
SBA Loan Lender
S & T BANK
800 PHILADELPHIA ST
INDIANA, PA 15701
This lender issued this debt financing under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
8/28/2002
Loan Approval Gross Amount
$1,100,000
Loan Approval from the SBA
Of the total $1,100,000 loan amount, the SBA guaranteed $825,000.
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 60 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
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