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December 22, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Williamsport, Business Loans > Woodlands Bank Williamsport Business Loans > Book Publishing Loan | ||||
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Montursville, Pennsylvania Bank Loan
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Music Publishers LoansLooking for loans for music publishers? The SBA may be the answer. This $60,000 music publishers loan was issued by a Pennsylvania bank. This company knew how to go about getting a business bank loan. Based in Montursville, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Woodlands Bank, based in Williamsport, Pennsylvania. SBA Loan Borrower COMPANY TYPE: BOOK PUBLISHING SBA Loan Lender WOODLANDS BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2731 - Book Publishing NAICS Code 512230 - Music Publishers Loan Approval Date 8/23/2002 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 6 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Woodlands Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Lenders in Williamsport, Pennsylvania
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