Univest National Bank & Trust. Gives Bank Loan to Lawn And Garden Services Company

Small business loans in Pennsylvania are hard to find these days. We take a look at one Pennsylvania small business loan, provided by a Pennsylvania bank, that was approved by the SBA.

Getting a small business loan in Doylestown, Pennsylvania was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Univest National Bank & Trust.. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
DOYLESTOWN, PA 18901

SBA Loan Lender

UNIVEST NATIONAL BANK & TRUST.
842 N EASTON RD
DOYLESTOWN, PA 18901

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

3/16/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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