York, Pennsylvania Bank Gives SBA Loan to Marine Products Company
Find York, Pennsylvania banks that specialize in business loans and know how to work with entrepreneurs. Susquehanna Bank Pa is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Conowingo, Maryland starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Susquehanna Bank Pa. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: MARINE PRODUCTS
CONOWINGO, MD 21918
SBA Loan Lender
SUSQUEHANNA BANK PA
2951 WHITEFORD RD
YORK, PA 17402
This lender issued this particular 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
0919 - Marine Products
NAICS Code
114119 - Marine Fishing
Loan Approval Date
3/13/2001
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. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Susquehanna Bank Pa are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:
Determining Proper Capital Structure for a Business
Who Lends Money to Small Businesses in York, Pennsylvania
SBA Participating Banks in Pennsylvania