Raising Money for Charter Bus Industry

With these business loans for charter bus industry, the SBA guarantees the lender that the loan will be repaid. This charter bus industry loan for $100,000 was given to a Pennsylvania entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lancaster, Pennsylvania was able to borrow $100,000 from Susquehanna Bank Pa. The SBA made the loan possible by guaranteeing $50,000 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: CHARTER BUS INDUSTRY
LANCASTER, PA 17602

SBA Loan Lender

SUSQUEHANNA BANK PA
9 E MAIN ST
LITITZ, PA 17543

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

485510 - Charter Bus Industry

Loan Approval Date

12/20/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 40 employees. The loan application indicated that the loan would help retain 40 existing jobs.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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