Building Equipment Contractors Bank Loans

Looking for bank loans for building equipment contractors? An SBA loan may be just what you've been looking for. This $50,000 building equipment contractors loan was issued by a Pennsylvania bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Commerce Bank, out of Devon, Pennsylvania. The loan was granted and they received $50,000 to help grow their Prospect Park (rr Name Moore), Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS
PROSPECT PARK (RR NAME MOORE), PA 19076

SBA Loan Lender

COMMERCE BANK
200 LANCASTER AVE
DEVON, PA 19333

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

238290 - Building Equipment Contractors

Loan Approval Date

8/15/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours 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:

Determining Proper Capital Structure for a Business

Who Lends Money to Small Businesses in Devon, Pennsylvania

Where to Get an SBA Loan Pennsylvania