Souderton, Pennsylvania Bank Lends Money to Convenience Stores Company in Schwenksville, Pennsylvania

Thinking about meeting with a Souderton, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by a Souderton bank, that was approved by the SBA.

Applying for an SBA loan with Univest National Bank & Trust. worked out well for our friends at one local company in Schwenksville, Pennsylvania. The business was able to get an SBA loan for $175,800. Great job!

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
SCHWENKSVILLE, PA 19473

SBA Loan Lender

UNIVEST NATIONAL BANK & TRUST.
10 W BROAD ST
SOUDERTON, PA 18964

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

12/13/2004

Loan Approval Gross Amount

$175,800

Loan Approval from the SBA

Of the total $175,800 loan amount, the SBA guaranteed $131,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Advice on Getting a Small Business Loan

SBA Banks in Souderton, Pennsylvania

SBA Pennsylvania Lenders