Lititz, Pennsylvania Lender Lends Money to Limited-Service Restaurants Company

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

Applying for an SBA loan with Susquehanna Bank Pa worked out well for our friends at one local firm in Selinsgrove, Pennsylvania. The business was able to get an SBA loan for $672,500. Awesome!

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
SELINSGROVE, PA 17870

SBA Loan Lender

SUSQUEHANNA BANK PA
9 E MAIN ST
LITITZ, PA 17543

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/19/2005

Loan Approval Gross Amount

$672,500

Loan Approval from the SBA

Of the total $672,500 loan amount, the SBA guaranteed $504,375.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Selinsgrove or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Lititz, Pennsylvania

Pennsylvania SBA Banks