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November 21, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > Newspaper Publishers Loan | ||||
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Banks in Philadelphia, Pennsylvania That Make SBA Loans
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Philadelphia, Pennsylvania Lender Lends Money to Newspaper Publishers CompanyGet business loans from a Philadelphia, Pennsylvania bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Commerce Bank is a Philadelphia, Pennsylvania small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New Jersey company. SBA Loan Borrower COMPANY TYPE: NEWSPAPER PUBLISHERS SBA Loan Lender COMMERCE BANK 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 511110 - Newspaper Publishers Loan Approval Date 8/2/2002 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 a new 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Commerce 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: Best Banks in Philadelphia, Pennsylvania
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