SBA Loan from First Keystone National Bank Helps Child Day Care Services Company

An SBA loan from First Keystone National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an East Stroudsburg, Pennsylvania business owner got a $140,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Keystone National Bank, out of Berwick, Pennsylvania. The loan was granted and they received $140,000 to help grow their East Stroudsburg, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
EAST STROUDSBURG, PA 18301

SBA Loan Lender

FIRST KEYSTONE NATIONAL BANK
111 W FRONT ST
BERWICK, PA 18603

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

7/14/2004

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 7 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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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