Schwenksville, Pennsylvania Business Gets SBA-Guaranteed Funding from Citizens Bank Of Pennsylvania

An SBA loan from Citizens Bank Of Pennsylvania typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Schwenksville, Pennsylvania business owner got a $85,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Schwenksville, Pennsylvania was able to borrow $85,000 from Citizens Bank Of Pennsylvania. The SBA made the loan possible by guaranteeing $42,500 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: SCIENTIFIC AND TECHNICAL CONSULTING SERVICES
SCHWENKSVILLE, PA 19473

SBA Loan Lender

CITIZENS BANK OF PENNSYLVANIA
2001 MARKET ST, STE 600
PHILADELPHIA, PA 19103

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541690 - Scientific and Technical Consulting Services

Loan Approval Date

11/26/2003

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $42,500.

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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Bank Of Pennsylvania had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Bank Of Pennsylvania made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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