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November 21, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Philadelphia, Business Loans > Citizens Bank Of Pennsylvania Philadelphia Business Loans > General Purpose Machinery Manufacturing Loan | ||||
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Corry, Pennsylvania Bank Loan
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Commercial Loans for General Purpose Machinery ManufacturingLooking for commercial loans for general purpose machinery manufacturing? The SBA may be the answer. This $70,000 general purpose machinery manufacturing loan was issued by a Pennsylvania bank. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Citizens Bank Of Pennsylvania, out of Philadelphia, Pennsylvania. The loan was granted and they received $70,000 to help grow their Corry, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: GENERAL PURPOSE MACHINERY MANUFACTURING SBA Loan Lender CITIZENS BANK OF PENNSYLVANIA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 333999 - General Purpose Machinery Manufacturing Loan Approval Date 4/27/2004 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $35,000. 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 36 employees. The loan application indicated that the loan would help retain 36 existing jobs. Getting an SBA Loan For Your Business If you need business start up money in Corry PA, you ought to talk with a local Corry SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Corry businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Bank Of Pennsylvania had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Bank Of Pennsylvania made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Philadelphia, Pennsylvania Find an SBA Lender in Pennsylvania
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