Accident, Maryland Business Gets SBA-Guaranteed Funding from Susquehanna Bank

An SBA loan from Susquehanna Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Accident, Maryland business owner got a $65,500 loan.

Getting a small business loan in Accident, Maryland was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Susquehanna Bank, operating out of Cumberland, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: LOGGING
ACCIDENT, MD 30138

SBA Loan Lender

SUSQUEHANNA BANK
71 BALTIMORE ST
CUMBERLAND, MD 21501

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2411 - Logging

NAICS Code

113310 - Logging

Loan Approval Date

2/11/2003

Loan Approval Gross Amount

$65,500

Loan Approval from the SBA

Of the total $65,500 loan amount, the SBA guaranteed $55,675.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Susquehanna Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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