Getting an SBA Loan for Warm Air Heating and Air-Conditioning Equipment and Suppplies Wholesalers
With these commercial loans for warm air heating and air-conditioning equipment and suppplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This warm air heating and air-conditioning equipment and suppplies wholesalers loan for $400,000 was given to a Delaware entrepreneur in 2000.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newark, Delaware was able to borrow $400,000 from National Penn Bank. The SBA made the loan possible by guaranteeing $360,000 of this Delaware small business loan.
SBA Loan Borrower
COMPANY TYPE: WARM AIR HEATING AND AIR CONDITIONING EQUIPMENT
NEWARK, DE 19702
SBA Loan Lender
NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512
This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5075 - Warm Air Heating and Air Conditioning Equipment
NAICS Code
421730 - Warm Air Heating and Air-Conditioning Equipment and Suppplies Wholesalers
Loan Approval Date
10/31/2000
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $360,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
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Find an SBA Lender in Pennsylvania