Business Loan from The Patapsco Bank Given to Industrial Process Measurement, Display And Control Instruments Company

The Patapsco Bank has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them.

Getting a small business loan in Elkridge, Maryland was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from The Patapsco Bank, operating out of Dundalk, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL PROCESS MEASUREMENT, DISPLAY AND CONTROL INSTRUMENTS
ELKRIDGE, MD 21075

SBA Loan Lender

THE PATAPSCO BANK
1301 MERRITT BLVD
DUNDALK, MD 21222

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program requires 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.

NAICS Code

334513 - Industrial Process Measurement, Display and Control Instruments

Loan Approval Date

9/2/2005

Loan Approval Gross Amount

$132,600

Loan Approval from the SBA

Of the total $132,600 loan amount, the SBA guaranteed $112,710.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Elkridge MD, you ought to talk with a local Elkridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elkridge businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $132,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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