Pennsylvania SBA Loan Issued to Gasket, Packing, And Sealing Device Manufacturing Company
Looking to get a Pennsylvania business loan? This Pennsylvania entrepreneur got a business loan, provided by a Pennsylvania bank that works with the SBA to help small business owners.
By giving the right information to Bank Of America, this Philadelphia, Pennsylvania business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: GASKET, PACKING, AND SEALING DEVICE MANUFACTURING
PHILADELPHIA, PA 19129
SBA Loan Lender
BANK OF AMERICA
4 SENTRY PKWY, STE 200
BLUE BELL, PA 19422
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.
NAICS Code
339991 - Gasket, Packing, and Sealing Device Manufacturing
Loan Approval Date
5/24/2002
Loan Approval Gross Amount
$47,000
Loan Approval from the SBA
Of the total $47,000 loan amount, the SBA guaranteed $39,950.
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 63 employees. This SBA loan request indicated that the loan would help retain 63 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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.
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