Automatic Vending Machine Manufacturing SBA Loans

With these SBA loans for automatic vending machine manufacturing, the SBA guarantees the lender that the loan will be repaid. This automatic vending machine manufacturing loan for $1,111,111 was given to a Pennsylvania entrepreneur in 2001.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Commerce Bank/harrisburg Natl, out of York, Pennsylvania. The loan was granted and they received $1,111,111 to help grow their Lewisberry, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: AUTOMATIC VENDING MACHINE MANUFACTURING
LEWISBERRY, PA 17339

SBA Loan Lender

COMMERCE BANK/HARRISBURG NATL
2100 YORK CROSSING DR
YORK, PA 17402

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333311 - Automatic Vending Machine Manufacturing

Loan Approval Date

8/20/2001

Loan Approval Gross Amount

$1,111,111

Loan Approval from the SBA

Of the total $1,111,111 loan amount, the SBA guaranteed $1,000,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 40 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Commerce Bank/harrisburg Natl had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Commerce Bank/harrisburg Natl made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Direct Public Offerings

Where to Get an SBA Loan in York, Pennsylvania

SBA Pennsylvania Lenders