 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Sunbury, Business Loans > Susquehanna Bank Pa Sunbury Business Loans > Eating Places Loan | ||||
 |
||||
Pennsylvania SBA Lenders
|
||||
 |
Sunbury, Pennsylvania Lender Lends Money to Eating Places CompanyWant to talk with a Sunbury, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by a Sunbury bank, that was approved by the SBA. Applying for an SBA loan with Susquehanna Bank Pa worked out well for our friends at one local business in Mount Carmel, Pennsylvania. The business was able to get an SBA loan for $80,000. Awesome! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender SUSQUEHANNA BANK PA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/10/2003 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Susquehanna Bank Pa and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in Sunbury, Pennsylvania
|
|
||
|
||||
|
|
||||