Bethlehem, Pennsylvania Bank Lends Money to Limited-Service Restaurants Company in Nazareth, Pennsylvania

Find Bethlehem, Pennsylvania banks that specialize in business loans and know how to work with entrepreneurs. First Star Savings Bank is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
NAZARETH, PA 18064

SBA Loan Lender

FIRST STAR SAVINGS BANK
418 W BROAD ST
BETHLEHEM, PA 18018

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/26/2002

Loan Approval Gross Amount

$392,000

Loan Approval from the SBA

Of the total $392,000 loan amount, the SBA guaranteed $294,000.

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 20 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Star Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

The Friends and Family Network

SBA Approved Banks in Bethlehem, Pennsylvania

SBA Lenders in Pennsylvania