Philadelphia, Pennsylvania Bank Gives SBA Loan to Investigation Services Company

Want to talk with a Philadelphia, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by a Philadelphia bank, that was approved by the SBA.

Applying for an SBA loan with Firstrust Savings Bank worked out well for our friends at one local business in Conshohocken, Pennsylvania. They received an SBA loan for $100,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: INVESTIGATION SERVICES
CONSHOHOCKEN, PA 19428

SBA Loan Lender

FIRSTRUST SAVINGS BANK
1931 COTTMAN AVE
PHILADELPHIA, PA 19111

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561611 - Investigation Services

Loan Approval Date

12/10/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $75,000.

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 18 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Conshohocken or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Attracting Investors

Where to Get an SBA Loan in Philadelphia, Pennsylvania

Getting a Business Loan in Pennsylvania