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News Notices & Publications
:
Preliminary approval for loan to Coudersport firm
Title
Preliminary approval for loan to Coudersport firm
Announcement Type
News
Date Published
6/28/2012
Regional Spotlight
No
Short Description
Final action will be taken by Small Business Administration
Body
The SEDA-COG Local Development Corporation has given preliminary approval to an
SBA (Small Business Administration) 504
loan of $580,000 to Kightlinger Motors, in Coudersport, Potter County. The company plans to purchase the building which currently houses their retail auto sales and maintenance repair business. The 30,560 sq. ft. building is located on 8.78 acres along Route 6 West. Additional financing is anticipated.
Kightlinger Motors
has been a family owned business since 1978, selling new and used vehicles in a 50-mile radius of Coudersport. It also offers repairs and body work. The dealership currently employs 33 people and expects to add five employees over the next two years. Kightlinger’s loan application will be reviewed and final action taken by the SBA.
For more information on SEDA-COG's SBA 504 program contact John Reichard at 570-524-4491, ext. 7251, or e-mail
reichard@seda-cog.org
. Learn more about our Business Development Financing program at
www.seda-cog.org/finance
Expires
6/28/2013
Keywords
kightlinger coudersport sba 504
Attachments
Created at 6/28/2012 8:49 AM by Public Information
Last modified at 7/9/2012 10:41 AM by Public Information
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