Small Business Loans for Dairy Product Wholesalers

With these small business loans for dairy product wholesalers, the SBA guarantees the lender that the loan will be repaid. This dairy product wholesalers loan for $15,500 was given to a Pennsylvania entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Boalsburg, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Omega Bank, based in Lewisburg, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: DAIRY PRODUCT WHOLESALERS
BOALSBURG, PA 16827

SBA Loan Lender

OMEGA BANK
7409 W BRANCH HWY
LEWISBURG, PA 17837

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

422430 - Dairy Product Wholesalers

Loan Approval Date

1/29/2003

Loan Approval Gross Amount

$15,500

Loan Approval from the SBA

Of the total $15,500 loan amount, the SBA guaranteed $7,750.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

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

SBA loans provide money to small business owners for working capital for other expenses.

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 Omega Bank 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:

Attracting Investors

Banks in Lewisburg, Pennsylvania

Pennsylvania SBA Bank Lenders