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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Bottled Water Manufacturing Loan | ||||
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Good Banks for Pittston Businesses
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Where to Get Capital for Bottled Water ManufacturingWith these small business loans for bottled water manufacturing, the SBA guarantees the lender that the loan will be repaid. This bottled water manufacturing loan for $595,000 was given to a Pennsylvania entrepreneur in 2001. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Business Loan Center, LLC, out of Richmond, Virginia. The loan was granted and they received $595,000 to help grow their Pittston, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: BOTTLED WATER MANUFACTURING SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 312112 - Bottled Water Manufacturing Loan Approval Date 11/15/2001 Loan Approval Gross Amount $595,000 Loan Approval from the SBA Of the total $595,000 loan amount, the SBA guaranteed $446,250. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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