Frazer, Pennsylvania Business Gets SBA-Guaranteed Funding from Star Business & Indust Devel

Star Business & Indust Devel has a track record as a leading provider of SBA loans. Find out how this Pennsylvania entrepreneur received an SBA loan from them.

Getting a small business loan in Frazer, Pennsylvania was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Star Business & Indust Devel, operating out of Ardmore, Pennsylvania. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
FRAZER, PA 19355

SBA Loan Lender

STAR BUSINESS & INDUST DEVEL
2320 HAVERFORD AVENUE, SUITE
ARDMORE, PA 19003

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 loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

10/29/2004

Loan Approval Gross Amount

$233,000

Loan Approval from the SBA

Of the total $233,000 loan amount, the SBA guaranteed $174,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Star Business & Indust Devel had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Star Business & Indust Devel made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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