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November 24, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Villanova, Business Loans > Sovereign Bank Villanova Business Loans > Full-Service Restaurants Loan | ||||
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Villanova Bank Loan
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Entrepreneur Works With Villanova, Pennsylvania Bank to Get an SBA LoanGet small business loans from a Villanova, Pennsylvania bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Sovereign Bank is a Villanova, Pennsylvania small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Rhode Island company. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender SOVEREIGN BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/22/2007 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA 7A Banks in Villanova, Pennsylvania
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