Entrepreneur Works With Dunmore, Pennsylvania Bank to Get an SBA Loan

Get to know Dunmore, Pennsylvania banks that specialize in small business loans and know how to work with entrepreneurs. First National Commun Bancorp Inc. is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Scranton, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First National Commun Bancorp Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ON-LINE INFORMATION SERVICES
SCRANTON, PA 18510

SBA Loan Lender

FIRST NATIONAL COMMUN BANCORP INC.
102 E DRINKER ST
DUNMORE, PA 18512

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

514191 - On-Line Information Services

Loan Approval Date

10/10/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 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.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Equity Financing

Banks in Dunmore, Pennsylvania

SBA Lenders in Pennsylvania