Business Loans for Business Associations

Looking for business loans for business associations? An SBA loan may be just what you've been looking for. This $50,000 business associations loan was issued by a Pennsylvania bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Penn Security Bank & Trust Co., out of Scranton, Pennsylvania. The loan was granted and they received $50,000 to help grow their Clarks Summit, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: BUSINESS ASSOCIATIONS
CLARKS SUMMIT, PA 18411

SBA Loan Lender

PENN SECURITY BANK & TRUST CO.
150 N WASHINGTON AVE
SCRANTON, PA 18503

This lender issued this particular 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.

NAICS Code

813910 - Business Associations

Loan Approval Date

8/6/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Equity Financing

SBA Banks in Scranton, Pennsylvania

Pennsylvania SBA Bank Lenders