Borrowing Money for Lessors of Nonresidential Buildings

Looking for small business loans for lessors of nonresidential buildings? An SBA loan may be just what you've been looking for. This $304,000 lessors of nonresidential buildings loan was issued by a Pennsylvania bank.

This small firm knew how to go about getting a business bank loan. Based in Hazleton, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Legacy Bank, A Division Of, based in Harrisburg, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
Hazleton, PA 18201

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

11/3/2005

Loan Approval Gross Amount

$304,000

Loan Approval from the SBA

Of the total $304,000 loan amount, the SBA guaranteed $228,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

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

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.

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