Chambersburg, Pennsylvania Business Gets SBA-Guaranteed Funding from Susquehanna Bank

An SBA loan from Susquehanna Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Chambersburg, Pennsylvania business owner got a $40,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Chambersburg, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Susquehanna Bank, based in Greencastle, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
CHAMBERSBURG, PA 17201

SBA Loan Lender

SUSQUEHANNA BANK
35 N CARLISLE ST
GREENCASTLE, PA 17225

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

4/18/2003

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Susquehanna Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

SBIR Funding

Small Bank Loans in Greencastle, Pennsylvania

Getting a Business Loan in Pennsylvania