Quakertown, Pennsylvania Lender Lends Money to Beauty Shops Company

Want to talk with a Quakertown, Pennsylvania bank about an SBA loan? Here's one Pennsylvania business loan, issued by a Quakertown bank, that was approved by the SBA.

Applying for an SBA loan with Quakertown Bank worked out well for our friends at one local company in Pennsburg, Pennsylvania. They received an SBA loan for $20,000. Great job!

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
PENNSBURG, PA 18073

SBA Loan Lender

QUAKERTOWN BANK
15 N THIRD ST
QUAKERTOWN, PA 18951

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812113 - Nail Salons

Loan Approval Date

3/30/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

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 3 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Quakertown Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Quakertown Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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