Pittsburgh, Pennsylvania Business Gets SBA-Guaranteed Funding from Enterprise Finan Services Grou

Enterprise Finan Services Grou and the SBA work together to get business loans for growing small businesses. Here's an example of how a Pennsylvania entrepreneur was able to get a loan to take a small business to the next level.

This small firm knew how to go about getting a business bank loan. Based in Pittsburgh, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Enterprise Finan Services Grou, based in Allison Park, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S HANDBAG AND PURSE MANUFACTURING
PITTSBURGH, PA 15219

SBA Loan Lender

ENTERPRISE FINAN SERVICES GROU
4091 MT ROYAL BLVD
ALLISON PARK, PA 15101

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

316992 - Women's Handbag and Purse Manufacturing

Loan Approval Date

5/23/2007

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 47 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 45 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Enterprise Finan Services Grou are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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