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

What Does It Take to Get a Business Loan in State College, Pennsylvania?

 

 
Loan Census SBA Loan Info

SBA Loans for Industrial Nonbuilding Structure Construction

Looking for SBA loans for industrial nonbuilding structure construction? The SBA may be the answer. This $13,796 industrial nonbuilding structure construction loan was issued by a Pennsylvania bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Nittany Bank, A Division Of, out of State College, Pennsylvania. The loan was granted and they received $13,796 to help grow their State College, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL NONBUILDING STRUCTURE CONSTRUCTION
STATE COLLEGE, PA 16803

SBA Loan Lender

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

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

234930 - Industrial Nonbuilding Structure Construction

Loan Approval Date

9/15/2004

Loan Approval Gross Amount

$13,796

Loan Approval from the SBA

Of the total $13,796 loan amount, the SBA guaranteed $11,726.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the company planned to use the money to hire new 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Best State College, Pennsylvania Banks for Small Business

Where to Get an SBA Loan Pennsylvania