Media, Pennsylvania Bank Gives SBA Loan to Fitness And Recreational Sports Centers Company

Get to know Media, Pennsylvania banks that specialize in SBA loans and know how to work with entrepreneurs. First Keystone Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Aston, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First Keystone Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
ASTON, PA 19014

SBA Loan Lender

FIRST KEYSTONE BANK
22 W STATE ST
MEDIA, PA 19063

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

4/26/2005

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Aston PA, you ought to talk with a local Aston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Aston businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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SBA Banks in Media, Pennsylvania

Getting a Business Loan in Pennsylvania