Where to Get Capital for Navigational Services to Shipping

With these small business loans for navigational services to shipping, the SBA guarantees the lender that the loan will be repaid. This navigational services to shipping loan for $37,000 was given to a Pennsylvania entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Easton, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Lafayette Ambassador Bank, based in Bethlehem, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: TOWING AND TUGBOAT SERVICES
EASTON, PA 18045

SBA Loan Lender

LAFAYETTE AMBASSADOR BANK
BROAD & NEW STREETS
BETHLEHEM, PA 18018

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4492 - Towing and Tugboat Services

NAICS Code

488330 - Navigational Services to Shipping

Loan Approval Date

12/14/2001

Loan Approval Gross Amount

$37,000

Loan Approval from the SBA

Of the total $37,000 loan amount, the SBA guaranteed $31,450.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Getting a Small Business Loan

SBA 7A Lenders in Bethlehem, Pennsylvania

Getting an SBA Loan in Pennsylvania