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November 26, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Lake Ariel, Business Loans > Pennstar Bank, A Division Of Lake Ariel Business Loans > Business Services Loan | ||||
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How to Get SBA Loans in Montrose, Pennsylvania
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Borrowing Money for Support ServicesWith these loans for support services, the SBA guarantees the lender that the loan will be repaid. This support services loan for $150,000 was given to a Pennsylvania entrepreneur in 2001. This small firm knew how to go about getting a business bank loan. Based in Montrose, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Pennstar Bank, A Division Of, based in Lake Ariel, Pennsylvania. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender PENNSTAR BANK, A DIVISION OF This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 561990 - Support Services Loan Approval Date 9/10/2001 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money 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. Related Links: SBA 7A Banks in Lake Ariel, Pennsylvania
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