Business Loan from Susquehanna Bank Pa Given to Landscaping Services Company

An SBA loan from Susquehanna Bank Pa typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Montoursville, Pennsylvania business owner got a $110,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montoursville, Pennsylvania was able to borrow $110,000 from Susquehanna Bank Pa. The SBA made the loan possible by guaranteeing $93,500 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
MONTOURSVILLE, PA 17754

SBA Loan Lender

SUSQUEHANNA BANK PA
329 PINE ST
WILLIAMSPORT, PA 17701

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

7/23/2004

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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