Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Advice for Small Businesses On Getting a Loan

 

 
Loan Census SBA Loan Info

Borrowing Money for Site Preparation Contractors

Looking for loans for site preparation contractors? Try the SBA. This $435,000 site preparation contractors loan was issued by a Pennsylvania bank.

This small firm knew how to go about getting a business bank loan. Based in Cinnaminson (township Of), New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Susquehanna Bank Dv, based in Bryn Mawr, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
CINNAMINSON (TOWNSHIP OF), NJ 08077

SBA Loan Lender

SUSQUEHANNA BANK DV
101 S BRYN MAWR AVE
BRYN MAWR, PA 19010

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

238910 - Site Preparation Contractors

Loan Approval Date

9/22/2004

Loan Approval Gross Amount

$435,000

Loan Approval from the SBA

Of the total $435,000 loan amount, the SBA guaranteed $326,250.

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 14 employees. The SBA loan documents indicated that the loan would help retain 14 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Obtaining Funding - How to Decide How Much to Raise

SBA 7A Banks in Bryn Mawr, Pennsylvania

Browse All Business Loan Sources for Pennsylvania