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December 21, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Financial Transactions Processing, Reserve, And Clearinghouse Activities Loan | ||||
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Who Lends Money to Bristol Entrepreneurs
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Pennsylvania Small Business Loan Issued to Financial Transactions Processing, Reserve, And Clearinghouse Activities CompanyWant a Pennsylvania small business loan? This Pennsylvania entrepreneur got a small business loan, provided by a Virginia bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Bristol, Pennsylvania by studying this loan to a local company, made back in 2002. Banks like Business Loan Center, LLC may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FINANCIAL TRANSACTIONS PROCESSING, RESERVE, AND CLEARINGHOUSE ACTIVITIES SBA Loan Lender BUSINESS LOAN CENTER, LLC 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 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities Loan Approval Date 9/17/2002 Loan Approval Gross Amount $1,034,000 Loan Approval from the SBA Of the total $1,034,000 loan amount, the SBA guaranteed $775,500. 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 17 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 17 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Raising VC Money for Social Networking Companies Best Richmond, Virginia Banks for Small Business
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