Malvern Federal Savings Bank SBA Loan to Floor Laying And Floor Contractors Company

An SBA loan from Malvern Federal Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Exton, Pennsylvania business owner got a $50,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Exton, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Malvern Federal Savings Bank, based in Exton, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: FLOOR LAYING AND FLOOR CONTRACTORS
EXTON, PA 19341

SBA Loan Lender

MALVERN FEDERAL SAVINGS BANK
109 N POTTSTOWN PIKE
EXTON, PA 19341

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235520 - Floor Laying and Floor Contractors

Loan Approval Date

1/17/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 15 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Malvern Federal Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Family and Friend Investors - Your First Financiers

SBA Participating Banks in Exton, Pennsylvania

Pennsylvania SBA 7A Lenders