Unity Bank SBA Loan to Eating Places Company
Looking to get a Pennsylvania small business loan? Here's one Pennsylvania business loan that was approved by the SBA.
This growing firm needed an SBA business loan in Philadelphia, Pennsylvania back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Unity Bank, operating out of Clinton, New Jersey. Here are the details on this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
PHILADELPHIA, PA 19107
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
9/22/2000
Loan Approval Gross Amount
$950,000
Loan Approval from the SBA
Of the total $950,000 loan amount, the SBA guaranteed $712,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 28 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 28 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We've showcased information on this loan to let you know that businesses like yours 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:
Small Business Credit Cards
Who Lends Money to Small Businesses in Clinton, New Jersey
New Jersey SBA Bank Lenders