Financing for Home Centers

With these commercial loans for home centers, the SBA guarantees the lender that the loan will be repaid. This home centers loan for $565,000 was given to a Pennsylvania entrepreneur in 2005.

This business knew how to go about getting a business bank loan. Based in Upper Darby, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Penn Liberty Bank, based in Wayne, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: HOME CENTERS
UPPER DARBY, PA 19082

SBA Loan Lender

PENN LIBERTY BANK
353 W LANCASTER AVE
WAYNE, PA 19087

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444110 - Home Centers

Loan Approval Date

4/15/2005

Loan Approval Gross Amount

$565,000

Loan Approval from the SBA

Of the total $565,000 loan amount, the SBA guaranteed $423,750.

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 16 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Penn Liberty Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Financing Your Business

Where to Get an SBA Loan in Wayne, Pennsylvania

Pennsylvania SBA 7A Lenders