Getting an SBA Loan for Tradebinding and Related Work
With these commercial loans for tradebinding and related work, the SBA guarantees the lender that the loan will be repaid. This tradebinding and related work loan for $3,600 was given to a Pennsylvania entrepreneur in 2001.
Getting a small business loan in Aldan, Pennsylvania was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Providence, Rhode Island. Here are the details on this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: TRADEBINDING AND RELATED WORK
ALDAN, PA 19018
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
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
323121 - Tradebinding and Related Work
Loan Approval Date
10/12/2001
Loan Approval Gross Amount
$3,600
Loan Approval from the SBA
Of the total $3,600 loan amount, the SBA guaranteed $1,800.
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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Direct Public Offerings
SBA Participating Banks in Providence, Rhode Island
Getting an SBA Loan in Rhode Island