Firm Gets a Pennsylvania Small Business Loan

Small business loans in Pennsylvania are hard to find these days. We take a look at one Pennsylvania small business loan, provided by a California bank, that was approved by the SBA.

Getting a small business loan in Bath, Pennsylvania was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Sba Lending, Inc.. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: BEER AND ALE MERCHANT WHOLESALERS
BATH, PA 18014

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424810 - Beer and Ale Merchant Wholesalers

Loan Approval Date

6/5/2007

Loan Approval Gross Amount

$365,200

Loan Approval from the SBA

Of the total $365,200 loan amount, the SBA guaranteed $273,900.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

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

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Sba Lending, Inc. and they will explain how you can get an SBA loan for your company.

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.

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