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November 14, 2024  
 
 
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How Do We Get a Business Loan in Hatfield, Pennsylvania?

 

 
Loan Census SBA Loan Info

Beer, Wine, and Liquor Stores Loans

Looking for loans for beer, wine, and liquor stores? An SBA loan may be just what you've been looking for. This $200,000 beer, wine, and liquor stores loan was issued by a Pennsylvania bank.

This small firm knew how to go about getting a business bank loan. Based in Hatfield, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Univest National Bank & Trust., based in Souderton, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
HATFIELD, PA 19440

SBA Loan Lender

UNIVEST NATIONAL BANK & TRUST.
10 W BROAD ST
SOUDERTON, PA 18964

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

1/2/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Univest National Bank & Trust. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Direct Public Offerings

Find an SBA Lender in Souderton, Pennsylvania

Where to Get an SBA Loan Pennsylvania