Entrepreneur Works With Philadelphia, Pennsylvania Bank to Get an SBA Loan
Thinking about meeting with a Philadelphia, Pennsylvania bank about an SBA loan? Here's one New York business loan, issued by a Philadelphia bank, that was approved by the SBA.
Applying for an SBA loan with Commerce Bank worked out well for our friends at one local business in New York, New York. The business was able to get an SBA loan for $250,000. Great job!
SBA Loan Borrower
COMPANY TYPE: FOOTWEAR MERCHANT WHOLESALERS
NEW YORK, NY 10036
SBA Loan Lender
COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
424340 - Footwear Merchant Wholesalers
Loan Approval Date
1/9/2003
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
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:
Obtaining Funding - Getting Venture Capital
Good Banks for Small Business in Philadelphia, Pennsylvania
Where to Get an SBA Loan Pennsylvania