Boyertown, Pennsylvania Bank Gives SBA Loan to Commercial And Service Industry Machinery Manufacturing Company
Thinking about meeting with a Boyertown, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by a Boyertown bank, that was approved by the SBA.
Applying for an SBA loan with National Penn Bank worked out well for our friends at one local company in Reinholds, Pennsylvania. They received an SBA loan for $100,000. Awesome!
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING
REINHOLDS, PA 17569
SBA Loan Lender
NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
333319 - Commercial and Service Industry Machinery Manufacturing
Loan Approval Date
12/4/2002
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $75,000.
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 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start business in Reinholds PA, you ought to talk with a local Reinholds SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Reinholds businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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