King Of Prussia, Pennsylvania Bank Lends Money to Services Related To Advertising Company in Collingdale, Pennsylvania

Thinking about meeting with a King Of Prussia, Pennsylvania bank about an SBA loan? Here's one Pennsylvania business loan, issued by a King Of Prussia bank, that was approved by the SBA.

Applying for an SBA loan with First Cornerstone Bank worked out well for our friends at one local business in Collingdale, Pennsylvania. The business was able to get an SBA loan for $240,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: SERVICES RELATED TO ADVERTISING
COLLINGDALE, PA 19023

SBA Loan Lender

FIRST CORNERSTONE BANK
1004 W NINTH AVE
KING OF PRUSSIA, PA 19406

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541890 - Services Related to Advertising

Loan Approval Date

4/29/2004

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

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 15 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to borrow money from friends and family, 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.

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