SBA Loans for Flower, Nursery Stock, and Florists' Supplies Wholesalers

Looking for SBA loans for flower, nursery stock, and florists' supplies wholesalers? An SBA loan may be just what you've been looking for. This $150,000 flower, nursery stock, and florists' supplies wholesalers loan was issued by a Pennsylvania bank.

This small business knew how to go about getting a business bank loan. Based in Chadds Ford, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was National Penn Bank, based in Kennett Square, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES WHOLESALERS
CHADDS FORD, PA 19317

SBA Loan Lender

NATIONAL PENN BANK
900 E BALTIMORE PIKE
KENNETT SQUARE, PA 19348

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422930 - Flower, Nursery Stock, and Florists' Supplies Wholesalers

Loan Approval Date

2/27/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from National Penn Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Microlending as a Small Business Funding Source

SBA Banks in Kennett Square, Pennsylvania

Pennsylvania SBA 7A Lenders