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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > West Chester, Business Loans > First Chester Cnty Corp West Chester Business Loans > Funeral Homes And Funeral Services Loan | ||||
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SBA Lenders Pennsylvania
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Entrepreneur Works With West Chester, Pennsylvania Bank to Get an SBA LoanThinking about meeting with a West Chester, Pennsylvania bank about an SBA loan? Here's one Pennsylvania business loan, issued by a West Chester bank, that was approved by the SBA. Applying for an SBA loan with First Chester Cnty Corp worked out well for our friends at one local company in Marcus Hook, Pennsylvania. The business was able to get an SBA loan for $630,000. Sweet! SBA Loan Borrower COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES SBA Loan Lender FIRST CHESTER CNTY CORP This SBA 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. NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 2/13/2002 Loan Approval Gross Amount $630,000 Loan Approval from the SBA Of the total $630,000 loan amount, the SBA guaranteed $472,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: A Company That Helps Entrepreneurs Best West Chester, Pennsylvania Banks for Small Business SBA Participating Banks in Pennsylvania
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