Jim Thorpe, Pennsylvania Bank Lends Money to Offices And Clinics Of Chiropractors Company in Lehighton, Pennsylvania
Find Jim Thorpe, Pennsylvania banks that specialize in SBA loans and know how to work with entrepreneurs. Mauch Chunk Trust is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Lehighton, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Mauch Chunk Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
LEHIGHTON, PA 18235
SBA Loan Lender
MAUCH CHUNK TRUST
1111 NORTH ST
JIM THORPE, PA 18229
This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8041 - Offices and Clinics of Chiropractors
NAICS Code
621310 - Chiropractors
Loan Approval Date
4/29/2004
Loan Approval Gross Amount
$42,000
Loan Approval from the SBA
Of the total $42,000 loan amount, the SBA guaranteed $35,700.
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. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Mauch Chunk Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
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