Get an SBA Loan for Automotive Mechanical and Electrical Repair and Maintenance

With these small business loans for automotive mechanical and electrical repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This automotive mechanical and electrical repair and maintenance loan for $687,500 was given to a Pennsylvania entrepreneur in 2004.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Commerce Bank, out of Devon, Pennsylvania. The loan was granted and they received $687,500 to help grow their Jarrettown, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE MECHANICAL AND ELECTRICAL REPAIR AND MAINTENANCE
JARRETTOWN, PA 19403

SBA Loan Lender

COMMERCE BANK
200 LANCASTER AVE
DEVON, PA 19333

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811118 - Automotive Mechanical and Electrical Repair and Maintenance

Loan Approval Date

2/23/2004

Loan Approval Gross Amount

$687,500

Loan Approval from the SBA

Of the total $687,500 loan amount, the SBA guaranteed $515,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 9 employees. The SBA loan application for the borrower indicated that the loan would help retain 9 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Jarrettown PA, you ought to talk with a local Jarrettown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Jarrettown businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Commerce Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

How to Raise Money

SBA Participating Banks in Devon, Pennsylvania

Where to Get an SBA Loan Pennsylvania