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November 14, 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 > Plastics Product Manufacturing Loan | ||||
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Pennsylvania SBA Banks
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Blue Bell, Pennsylvania Bank Gives SBA Loan to Plastics Product Manufacturing CompanyWant to talk with a Blue Bell, Pennsylvania bank about an SBA 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 company in Philadelphia, Pennsylvania. They got an SBA loan for $75,000. Sweet! SBA Loan Borrower COMPANY TYPE: PLASTICS PRODUCT MANUFACTURING SBA Loan Lender BANK OF AMERICA This loan for a small business 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 326199 - Plastics Product Manufacturing Loan Approval Date 7/22/2003 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 27 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 27 existing jobs. Great, But How Can I Get an SBA Loan for My 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. Related Links: Best Banks for Small Business in Blue Bell, Pennsylvania
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