First Lib Bank & Trust A Divisio SBA Loan to Railroads, Line-Haul Operating Company

An SBA loan from First Lib Bank & Trust A Divisio typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Shickshinny, Pennsylvania business owner got a $68,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Shickshinny, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was First Lib Bank & Trust A Divisio, based in Edwardsville, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: RAILROADS, LINE-HAUL OPERATING
SHICKSHINNY, PA 18655

SBA Loan Lender

FIRST LIB BANK & TRUST A DIVISIO
78 S WYOMING AVE
EDWARDSVILLE, PA 18704

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4011 - Railroads, Line-Haul Operating

NAICS Code

482111 - Line-Haul Railroads

Loan Approval Date

4/26/2001

Loan Approval Gross Amount

$68,000

Loan Approval from the SBA

Of the total $68,000 loan amount, the SBA guaranteed $57,800.

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 only one employee. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Obtaining Funding - How to Borrow Money

Best Banks for Small Business in Edwardsville, Pennsylvania

Pennsylvania SBA 7A Lenders