Coastal and Great Lakes FreightWater Transportation SBA Loans

With these SBA loans for coastal and great lakes freightwater transportation, the SBA guarantees the lender that the loan will be repaid. This coastal and great lakes freightwater transportation loan for $600,000 was given to a Pennsylvania entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wallingford, Pennsylvania was able to borrow $600,000 from Commerce Bank. The SBA made the loan possible by guaranteeing $450,000 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: COASTAL AND GREAT LAKES FREIGHTWATER TRANSPORTATION
WALLINGFORD, PA 19086

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

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

483113 - Coastal and Great Lakes FreightWater Transportation

Loan Approval Date

4/11/2001

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 6 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Wallingford PA, you ought to talk with a local Wallingford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wallingford businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $600,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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