Local Business Gets a Pennsylvania Bank Loan
Business loans in Pennsylvania are tough to come by these days. We take a look at one Pennsylvania business loan, provided by a Rhode Island bank, that was approved by the SBA.
You can learn something about getting a small business loan in Springfield, Pennsylvania by studying this loan to a local business, made back in 2003. Banks like Rbs Citizens may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SPICE AND EXTRACT MANUFACTURING
SPRINGFIELD, PA 19064
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
311942 - Spice and Extract Manufacturing
Loan Approval Date
3/26/2003
Loan Approval Gross Amount
$27,500
Loan Approval from the SBA
Of the total $27,500 loan amount, the SBA guaranteed $13,750.
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 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We've showcased information on this loan to let you know that businesses like yours 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:
Direct Public Offerings
Best Providence, Rhode Island Banks for Small Business
Rhode Island SBA Bank Lenders