Getting an SBA Loan for Consumer Goods Rental

With these SBA loans for consumer goods rental, the SBA guarantees the lender that the loan will be repaid. This consumer goods rental loan for $100,000 was given to a Pennsylvania entrepreneur in 2005.

This business knew how to go about getting a business bank loan. Based in State College, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Nittany Bank, A Division Of, based in State College, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: CONSUMER GOODS RENTAL
STATE COLLEGE, PA 16803

SBA Loan Lender

NITTANY BANK, A DIVISION OF
1900 S ATHERTON ST
STATE COLLEGE, PA 16801

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532299 - Consumer Goods Rental

Loan Approval Date

2/24/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 only one employee. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Small Business Credit Cards

SBA Banks in State College, Pennsylvania

Pennsylvania SBA Bank Lenders