Business Loan from S & T Bank Given to Machine Shops Company

S & T Bank has a track record as a leading provider of SBA loans. Find out how this Pennsylvania entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in West Leechburg, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2008. The lending bank was S & T Bank, based in Indiana, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
WEST LEECHBURG, PA 15656

SBA Loan Lender

S & T BANK
800 PHILADELPHIA ST
INDIANA, PA 15701

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

1/3/2008

Loan Approval Gross Amount

$177,300

Loan Approval from the SBA

Of the total $177,300 loan amount, the SBA guaranteed $132,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help create 1 new job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $177,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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 Incubators

SBA Participating Banks in Indiana, Pennsylvania

Pennsylvania SBA 7A Banks