Raising Money for Air-Conditioning and Warm Air Heating Equipment
Looking for bank loans for air-conditioning and warm air heating equipment? Talk to a banker who works with the SBA. This $225,000 air-conditioning and warm air heating equipment loan was issued by a Pennsylvania bank.
This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with National Penn Bank, out of Boyertown, Pennsylvania. The loan was granted and they received $225,000 to help grow their Doylestown, Pennsylvania business.
SBA Loan Borrower
COMPANY TYPE: AIR-CONDITIONING AND WARM AIR HEATING EQUIPMENT
DOYLESTOWN, PA 18901
SBA Loan Lender
NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
333415 - Air-Conditioning and Warm Air Heating Equipment
Loan Approval Date
2/21/2003
Loan Approval Gross Amount
$225,000
Loan Approval from the SBA
Of the total $225,000 loan amount, the SBA guaranteed $168,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help generate 24 new jobs and retain 25 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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:
Find Start-Up Capital
Small Bank Loans in Boyertown, Pennsylvania
Getting an SBA Loan in Pennsylvania