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January 22, 2025 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > York, Business Loans > Commerce Bank/harrisburg Natl York Business Loans > Retail Stores Loan | ||||
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Pennsylvania Bank SBA Loans
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Commerce Bank/harrisburg Natl SBA Loan to Retail Stores CompanyWant a Pennsylvania small business loan? Here's one Pennsylvania business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Harrisburg, Pennsylvania was able to borrow $32,000 from Commerce Bank/harrisburg Natl. The SBA made the loan possible by guaranteeing $25,600 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender COMMERCE BANK/HARRISBURG NATL This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 6/27/2000 Loan Approval Gross Amount $32,000 Loan Approval from the SBA Of the total $32,000 loan amount, the SBA guaranteed $25,600. 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. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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 We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Dealing With Venture Capitalists SBA Participating Banks in York, Pennsylvania
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