Pennsylvania SBA Loan Issued to Solid Waste Collection Company

PennsylvaniaSBA loans are available to Pennsylvania entrepreneurs through the SBA. In this case, a Delaware bank provides the loan.

Getting a small business loan in Downingtown, Pennsylvania was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Wilmington Savings Fund Societ. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
DOWNINGTOWN, PA 19355

SBA Loan Lender

WILMINGTON SAVINGS FUND SOCIET
500 DELAWARE AVE
WILMINGTON, DE 19801

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

4/8/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 50 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Downingtown PA, you ought to talk with a local Downingtown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Downingtown businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Realistic Debt Financing Options

Where to Get an SBA Loan in Wilmington, Delaware

Delaware SBA 7A Banks