Jim Thorpe, Pennsylvania Bank Gives SBA Loan to Equipment Rental And Leasing Company

Get to know Jim Thorpe, Pennsylvania banks that specialize in small business loans and know how to work with entrepreneurs. The Jim Thorpe National Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Jim Thorpe, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from The Jim Thorpe National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: EQUIPMENT RENTAL AND LEASING
JIM THORPE, PA 18229

SBA Loan Lender

THE JIM THORPE NATIONAL BANK
12 BROADWAY
JIM THORPE, PA 18229

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7359 - Equipment Rental and Leasing

NAICS Code

562991 - Septic Tank and Related Services

Loan Approval Date

7/11/2002

Loan Approval Gross Amount

$104,000

Loan Approval from the SBA

Of the total $104,000 loan amount, the SBA guaranteed $88,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Jim Thorpe or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Small Business Credit Cards

SBA Approved Banks in Jim Thorpe, Pennsylvania

SBA Pennsylvania Lenders