Regions Bank Gives Small Business Loan to Confectionery Wholesalers Company

Small business loans in Pennsylvania are tough to come by these days. We take a look at one Pennsylvania small business loan, provided by a Tennessee bank, that was approved by the SBA.

You can learn something about getting a small business loan in Telford, Pennsylvania by studying this loan to a local company, made back in 2001. Banks like Regions Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: CONFECTIONERY WHOLESALERS
TELFORD, PA 18969

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

422450 - Confectionery Wholesalers

Loan Approval Date

9/18/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Telford PA, you ought to talk with a local Telford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Telford businesses.

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.

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SBA Tennessee Banks