Optical Instrument and Lens Manufacturing SBA Loans

With these SBA loans for optical instrument and lens manufacturing, the SBA guarantees the lender that the loan will be repaid. This optical instrument and lens manufacturing loan for $192,720 was given to a Pennsylvania entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wendel, Pennsylvania was able to borrow $192,720 from Irwin Bank. The SBA made the loan possible by guaranteeing $144,540 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTICAL INSTRUMENTS AND LENSES
WENDEL, PA 15691

SBA Loan Lender

IRWIN BANK
309 MAIN ST
IRWIN, PA 15642

This loan for a small business 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

3827 - Optical Instruments and Lenses

NAICS Code

333314 - Optical Instrument and Lens Manufacturing

Loan Approval Date

4/11/2000

Loan Approval Gross Amount

$192,720

Loan Approval from the SBA

Of the total $192,720 loan amount, the SBA guaranteed $144,540.

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 12 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Irwin Bank and they will explain how you can get an SBA loan for your company.

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:

Business Credit Evaluation

SBA 7A Banks in Irwin, Pennsylvania

Getting an SBA Loan in Pennsylvania