Financing for Direct Selling Establishments

With these commercial loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $150,000 was given to a Pennsylvania entrepreneur in 2005.

This business knew how to go about getting a business bank loan. Based in Manheim, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Susquehanna Bank Pa, based in Lititz, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
MANHEIM, PA 17545

SBA Loan Lender

SUSQUEHANNA BANK PA
9 E MAIN ST
LITITZ, PA 17543

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

7/22/2005

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. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Manheim PA, you ought to talk with a local Manheim SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Manheim 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.

Related Links:

Advice on Getting a Small Business Loan

Best Lititz, Pennsylvania Banks for Small Business

Pennsylvania SBA 7A Lenders