Entrepreneur Works With Boyertown, Pennsylvania Bank to Get an SBA Loan

Get to know Boyertown, Pennsylvania banks that specialize in business loans and know how to work with entrepreneurs. National Penn Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Mohnton, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from National Penn Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: HARDWOOD VENEER AND PLYWOOD MANUFACTURING
MOHNTON, PA 19540

SBA Loan Lender

NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512

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

321211 - Hardwood Veneer and Plywood Manufacturing

Loan Approval Date

6/30/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $60,000.

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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Mohnton PA, you ought to talk with a local Mohnton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mohnton businesses.

We can help you find the best banks for small businesses in Mohnton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Good Banks for Small Business in Boyertown, Pennsylvania

Getting an SBA Loan in Pennsylvania