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December 20, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Erie, Business Loans > National City Bank Erie Business Loans > Painting And Paper Hanging Loan | ||||
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Erie, Pennsylvania Bank for SBA Loans
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Erie, Pennsylvania Lender Lends Money to Painting And Paper Hanging CompanyThinking about meeting with an Erie, Pennsylvania bank about an SBA loan? Here's one Pennsylvania business loan, issued by an Erie bank, that was approved by the SBA. Applying for an SBA loan with National City Bank worked out well for our friends at one local company in Titusville, Pennsylvania. The business was able to get an SBA loan for $30,000. Sweet! SBA Loan Borrower COMPANY TYPE: PAINTING AND PAPER HANGING SBA Loan Lender NATIONAL CITY BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1721 - Painting and Paper Hanging NAICS Code 235210 - Painting and Wall Covering Loan Approval Date 6/30/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $22,500. 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 6 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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: SBA 7A Banks in Erie, Pennsylvania
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