Financing for Wholesale Trade Agents and Brokers

Looking for loans for wholesale trade agents and brokers? An SBA loan may be just what you've been looking for. This $150,000 wholesale trade agents and brokers loan was issued by a Pennsylvania bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Penn Security Bank & Trust Co., out of Scranton, Pennsylvania. The loan was granted and they received $150,000 to help grow their Archbald, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: WHOLESALE TRADE AGENTS AND BROKERS
ARCHBALD, PA 18403

SBA Loan Lender

PENN SECURITY BANK & TRUST CO.
N WASHINGTON AVE & SPRUCE ST
SCRANTON, PA 18503

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

425120 - Wholesale Trade Agents and Brokers

Loan Approval Date

5/14/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Archbald or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Small Business Banks in Scranton, Pennsylvania

Getting an SBA Loan in Pennsylvania