How to Get a Loan for Transportation Equipment Manufacturing
Looking for SBA loans for transportation equipment manufacturing? An SBA loan may be just what you've been looking for. This $50,000 transportation equipment manufacturing loan was issued by a Pennsylvania bank.
This small business knew how to go about getting a business bank loan. Based in Somerset, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First Commonwealth Bank, based in Hollidaysburg, Pennsylvania.
SBA Loan Borrower
COMPANY TYPE: TRANSPORTATION EQUIPMENT MANUFACTURING
SOMERSET, PA 15501
SBA Loan Lender
FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
336999 - Transportation Equipment Manufacturing
Loan Approval Date
10/4/2004
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
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 38 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 38 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
We can help you find the best banks for small businesses in Somerset or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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 - Friends and Family
Best Hollidaysburg, Pennsylvania Banks for Small Business
Where to Get an SBA Loan Pennsylvania