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December 19, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Mahwah, Business Loans > Td Banknorth Mahwah Business Loans > Caterers Loan | ||||
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SBA Lenders in Pennsylvania
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SBA Loans for CaterersWith these SBA loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $83,000 was given to a Pennsylvania entrepreneur in 2002. This business knew how to go about getting a business bank loan. Based in Huntingdon Valley, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Td Banknorth, based in Mahwah, New Jersey. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender TD BANKNORTH This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722320 - Caterers Loan Approval Date 4/10/2002 Loan Approval Gross Amount $83,000 Loan Approval from the SBA Of the total $83,000 loan amount, the SBA guaranteed $70,550. More Information on This SBA Loan The borrower borrowed this money for a new 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 generate 1 new job and retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Td Banknorth and they will explain how you can get an SBA loan for your company. 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: Borrowing Money from Friends and Family Small Bank Loans in Mahwah, New Jersey
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