Business Loan from Kishacoquillas Valley National Given to Physicians Company

An SBA loan from Kishacoquillas Valley National typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a State College, Pennsylvania business owner got a $350,000 loan.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Kishacoquillas Valley National, out of Belleville, Pennsylvania. The loan was granted and they received $350,000 to help grow their State College, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
STATE COLLEGE, PA 16803

SBA Loan Lender

KISHACOQUILLAS VALLEY NATIONAL
4255 E MAIN ST
BELLEVILLE, PA 17004

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

621111 - Physicians

Loan Approval Date

12/7/2005

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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 4 employees. This SBA loan request indicated that the borrowed money would help generate 4 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in State College PA, you ought to talk with a local State College SBA lender or talk with an out-of-area SBA lender that has previously loaned money to State College businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Kishacoquillas Valley National are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

The Friends and Family Network

Best Banks for Small Business in Belleville, Pennsylvania

SBA Lenders in Pennsylvania