Entrepreneur Works With West Chester, Pennsylvania Bank to Get an SBA Loan

Find West Chester, Pennsylvania banks that specialize in small business loans and know how to work with entrepreneurs. Susquehanna Bank Dv is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
AVONDALE, PA 19311

SBA Loan Lender

SUSQUEHANNA BANK DV
15 E GAY ST
WEST CHESTER, PA 19381

At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to provide fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

Loan Approval Date

3/10/2000

Loan Approval Gross Amount

$502,000

Loan Approval from the SBA

Of the total $502,000 loan amount, the SBA guaranteed $376,500.

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 45 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Susquehanna Bank Dv and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Small Business Loan

Who Lends Money to Small Businesses in West Chester, Pennsylvania

Getting an SBA Loan in Pennsylvania