Financing for Fish and Seafood Markets

With these loans for fish and seafood markets, the SBA guarantees the lender that the loan will be repaid. This fish and seafood markets loan for $120,000 was given to a Pennsylvania entrepreneur in 2002.

Getting a small business loan in Aston (aston Mills), Pennsylvania was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank, operating out of Devon, Pennsylvania. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: FISH AND SEAFOOD MARKETS
ASTON (ASTON MILLS), PA 19014

SBA Loan Lender

COMMERCE BANK
200 LANCASTER AVE
DEVON, PA 19333

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445220 - Fish and Seafood Markets

Loan Approval Date

8/29/2002

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Aston (aston Mills) PA, you ought to talk with a local Aston (aston Mills) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Aston (aston Mills) businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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 Equity Dilution Works

Who Lends Money to Small Businesses in Devon, Pennsylvania

Where to Get an SBA Loan Pennsylvania