Reading, Pennsylvania Bank Gives SBA Loan to Beauty Salons Company

Get to know Reading, Pennsylvania banks that specialize in small business loans and know how to work with entrepreneurs. Vist Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Reading, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Vist Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
READING, PA 19605

SBA Loan Lender

VIST BANK
4361 PERKIOMEN AVE
READING, PA 19606

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

8/18/2005

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

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. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Reading PA, you ought to talk with a local Reading SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Reading businesses.

This SBA loan was for $95,000. How would you spend $95,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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