Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Shippensburg, Pennsylvania and We Got One!

 

 
Loan Census SBA Loan Info

Metal Coating, Engraving and Allied Services Business Loans

Looking for business loans for metal coating, engraving and allied services? Try the SBA. This $25,000 metal coating, engraving and allied services loan was issued by a Pennsylvania bank.

This business knew how to go about getting a business bank loan. Based in Shippensburg, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Legacy Bank, A Division Of, based in Harrisburg, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: COATING, ENGRAVING, AND ALLIED SERVICES
SHIPPENSBURG, PA 17257

SBA Loan Lender

THE LEGACY BANK, A DIVISION OF
2600 COMMERCE DR
HARRISBURG, PA 17110

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3479 - Coating, Engraving, and Allied Services

NAICS Code

332812 - Metal Coating, Engraving and Allied Services

Loan Approval Date

8/28/2002

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Legacy Bank, A Division Of and they will explain how you can get an SBA loan for your company.

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:

Startup Funding Tip

Small Business Banks in Harrisburg, Pennsylvania

SBA Participating Banks in Pennsylvania