Warrington, Pennsylvania Business Gets SBA-Guaranteed Funding from Conestoga Bank

An SBA loan from Conestoga Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Warrington, Pennsylvania business owner got a $200,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Conestoga Bank, out of Philadelphia, Pennsylvania. The loan was granted and they received $200,000 to help grow their Warrington, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
WARRINGTON, PA 18976

SBA Loan Lender

CONESTOGA BANK
1835 MARKET ST, STE 2601
PHILADELPHIA, PA 19103

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/22/2001

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Incubators

SBA Approved Banks in Philadelphia, Pennsylvania

Pennsylvania SBA 7A Lenders