Pennsylvania SBA Loan Issued to Personal Services Company
Looking to get a Pennsylvania SBA loan? This Pennsylvania entrepreneur got an SBA loan, provided by a New Jersey bank that works with the SBA to help small business owners.
This business, based in Malvern, Pennsylvania, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Isn Bank. We've got the inside scoop on this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: PERSONAL SERVICES
MALVERN, PA 19355
SBA Loan Lender
ISN BANK
457 HADDONFIELD RD, LIBERTYVI
CHERRY HILL, NJ 08002
This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7299 - Personal Services
NAICS Code
561310 -
Loan Approval Date
7/2/2002
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you have been wondering how do i get money to start a business in Malvern PA, you ought to talk with a local Malvern SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Malvern businesses.
This SBA loan was for $150,000. How would you spend $150,000 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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