Industrial and Commercial Fan and Blower Manufacturing Small Business Loans

With these small business loans for industrial and commercial fan and blower manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial and commercial fan and blower manufacturing loan for $824,000 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 Bank Of America, out of Blue Bell, Pennsylvania. The loan was granted and they received $824,000 to help grow their Pottstown, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL AND COMMERCIAL FAN AND BLOWER MANUFACTURING
POTTSTOWN, PA 19464

SBA Loan Lender

BANK OF AMERICA
4 SENTRY PKWY, STE 200
BLUE BELL, PA 19422

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333412 - Industrial and Commercial Fan and Blower Manufacturing

Loan Approval Date

6/26/2001

Loan Approval Gross Amount

$824,000

Loan Approval from the SBA

Of the total $824,000 loan amount, the SBA guaranteed $618,000.

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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $824,000 loan. Remember, you control your own destiny.

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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