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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Blue Bell, Business Loans > Bank Of America Blue Bell Business Loans > Funeral Homes And Funeral Services Loan | ||||
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Pennsylvania SBA Banks
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Entrepreneur Works With Blue Bell, Pennsylvania Bank to Get an SBA LoanThinking about meeting with a Blue Bell, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by a Blue Bell bank, that was approved by the SBA. Applying for an SBA loan with Bank Of America worked out well for our friends at one local business in Philadelphia, Pennsylvania. The business was able to get an SBA loan for $1,276,000. Sweet! SBA Loan Borrower COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES SBA Loan Lender BANK OF AMERICA This loan for a small business was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 11/18/2003 Loan Approval Gross Amount $1,276,000 Loan Approval from the SBA Of the total $1,276,000 loan amount, the SBA guaranteed $957,000. 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 4 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Who Lends Money to Small Businesses in Blue Bell, Pennsylvania
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