The Legacy Bank, A Division Of SBA Loan to Language Schools Company

An SBA loan from The Legacy Bank, A Division Of typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hazleton, Pennsylvania business owner got a $18,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Hazleton, Pennsylvania, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was The Legacy Bank, A Division Of, based in Harrisburg, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: LANGUAGE SCHOOLS
HAZLETON, PA 18201

SBA Loan Lender

THE LEGACY BANK, A DIVISION OF
2600 COMMERCE DR
HARRISBURG, PA 17110

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves 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.

NAICS Code

611630 - Language Schools

Loan Approval Date

5/7/2004

Loan Approval Gross Amount

$18,000

Loan Approval from the SBA

Of the total $18,000 loan amount, the SBA guaranteed $15,300.

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 increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Harrisburg, Pennsylvania

SBA Pennsylvania Banks