Pennstar Bank, A Division Of SBA Loan to Grocery Stores Company

An SBA loan from Pennstar Bank, A Division Of typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Harford, Pennsylvania business owner got a $135,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Harford, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Pennstar Bank, A Division Of, based in Lake Ariel, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
HARFORD, PA 18823

SBA Loan Lender

PENNSTAR BANK, A DIVISION OF
1456 LAKE ARIEL HWY, RTE 191
LAKE ARIEL, PA 18436

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445120 - Convenience Stores

Loan Approval Date

6/25/2001

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Harford or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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