Borrowing Money for Personal Care Services

With these loans for personal care services, the SBA guarantees the lender that the loan will be repaid. This personal care services loan for $25,000 was given to a Pennsylvania entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Norristown, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Penn Liberty Bank, based in Wayne, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
NORRISTOWN, PA 19403

SBA Loan Lender

PENN LIBERTY BANK
353 W LANCASTER AVE
WAYNE, PA 19087

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

812199 - Personal Care Services

Loan Approval Date

11/1/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, 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:

Financing Your Business

SBA Banks in Wayne, Pennsylvania

SBA Pennsylvania Lenders