Firm Gets a Pennsylvania SBA Loan
Want a Pennsylvania small business loan? This Pennsylvania entrepreneur got a small business loan, provided by a Pennsylvania bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Sellersville, Pennsylvania by studying this loan to a local company, made back in 2001. Banks like Sovereign Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: COMPUTER AND COMPUTER PERIPHERAL EQUIPMENT AND SOFTWARE WHOLESALERS
SELLERSVILLE, PA 18960
SBA Loan Lender
SOVEREIGN BANK
1130 BERKSHIRE BLVD
WYOMISSING, PA 19610
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
421430 - Computer and Computer Peripheral Equipment and Software Wholesalers
Loan Approval Date
10/25/2001
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $18,750.
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 8 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 8 existing jobs.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
While you may be able to borrow money from friends and family, 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:
Obtaining Funding - Friends and Family
SBA 7A Lenders in Wyomissing, Pennsylvania
Getting a Business Loan in Pennsylvania