Lemoyne, Pennsylvania Bank Lends Money to Paper Industry Machinery Manufacturing Company in Elizabethtown, Pennsylvania

Get to know Lemoyne, Pennsylvania banks that specialize in SBA loans and know how to work with entrepreneurs. Commerce Bank/harrisburg Natl is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Elizabethtown, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Commerce Bank/harrisburg Natl. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PAPER INDUSTRY MACHINERY MANUFACTURING
ELIZABETHTOWN, PA 17022

SBA Loan Lender

COMMERCE BANK/HARRISBURG NATL
1249 MARKET ST
LEMOYNE, PA 17043

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333291 - Paper Industry Machinery Manufacturing

Loan Approval Date

8/20/2004

Loan Approval Gross Amount

$430,000

Loan Approval from the SBA

Of the total $430,000 loan amount, the SBA guaranteed $322,500.

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 18 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $430,000. How would you spend $430,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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