Small Business Loans for Bridge and Tunnel Construction
With these small business loans for bridge and tunnel construction, the SBA guarantees the lender that the loan will be repaid. This bridge and tunnel construction loan for $100,000 was given to a Pennsylvania entrepreneur in 2000.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Williamsburg, Pennsylvania was able to borrow $100,000 from First Commonwealth Bank. The SBA made the loan possible by guaranteeing $50,000 of this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: BRIDGE AND TUNNEL CONSTRUCTION
WILLIAMSBURG, PA 16693
SBA Loan Lender
FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648
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
234120 - Bridge and Tunnel Construction
Loan Approval Date
12/4/2000
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 2 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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:
Alternative Financing
Where to Get an SBA Loan in Hollidaysburg, Pennsylvania
Where to Get an SBA Loan Pennsylvania