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December 20, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Confectionery Manufacturing From Purchased Chocolate Loan | ||||
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Erie SBA Loan from Business Loan Center, LLC
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Business Loan from Business Loan Center, LLC Given to Confectionery Manufacturing From Purchased Chocolate CompanyBusiness Loan Center, LLC and the SBA work together to get business loans for growing small businesses. Here's an example of how a Pennsylvania entrepreneur was able to get a loan to take a small business to the next level. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Business Loan Center, LLC, out of Richmond, Virginia. The loan was granted and they received $680,000 to help grow their Erie, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: CONFECTIONERY MANUFACTURING FROM PURCHASED CHOCOLATE SBA Loan Lender BUSINESS LOAN CENTER, LLC When it made this small business loan, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to ensure rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311330 - Confectionery Manufacturing from Purchased Chocolate Loan Approval Date 8/2/2004 Loan Approval Gross Amount $680,000 Loan Approval from the SBA Of the total $680,000 loan amount, the SBA guaranteed $510,000. 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 25 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Where to Get an SBA Loan in Richmond, Virginia Browse All Business Loan Sources for Virginia
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