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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Bethlehem, Business Loans > First Star Savings Bank Bethlehem Business Loans > Commercial Screen Printing Loan | ||||
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First Star Savings Bank
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Business Loan from First Star Savings Bank Given to Commercial Screen Printing CompanyAn SBA loan from First Star Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Allentown, Pennsylvania business owner got a $50,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Allentown, Pennsylvania was able to borrow $50,000 from First Star Savings Bank. The SBA made the loan possible by guaranteeing $25,000 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL SCREEN PRINTING SBA Loan Lender FIRST STAR SAVINGS BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 323113 - Commercial Screen Printing Loan Approval Date 12/9/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: How Much Venture Capital Is There? SBA 7A Banks in Bethlehem, Pennsylvania
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