Lancaster, Pennsylvania Lender Lends Money to Business Consulting Services Company

Thinking about meeting with a Lancaster, Pennsylvania bank about an SBA loan? Here's one Pennsylvania business loan, issued by a Lancaster bank, that was approved by the SBA.

Applying for an SBA loan with Sovereign Bank worked out well for our friends at one local company in Lancaster, Pennsylvania. The business was able to get an SBA loan for $135,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: BUSINESS CONSULTING SERVICES
LANCASTER, PA 17603

SBA Loan Lender

SOVEREIGN BANK
1677 OREGON PIKE
LANCASTER, PA 17601

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

8748 - Business Consulting Services

NAICS Code

541690 - Scientific and Technical Consulting Services

Loan Approval Date

10/9/2001

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 4 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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