West Chester, Pennsylvania Entrepreneur Gets a Small Business Loan

Small business loans in Pennsylvania are are few and far betweeen these days. We take a look at one Pennsylvania small business loan, provided by a Pennsylvania bank, that was approved by the SBA.

Getting a small business loan in West Chester, Pennsylvania was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Univest National Bank & Trust.. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES WHOLESALERS
WEST CHESTER, PA 19381

SBA Loan Lender

UNIVEST NATIONAL BANK & TRUST.
10 W BROAD ST
SOUDERTON, PA 18964

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

421840 - Industrial Supplies Wholesalers

Loan Approval Date

2/15/2001

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 9 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in West Chester PA, you ought to talk with a local West Chester SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Chester businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Advice on Getting a Small Business Loan

Best Souderton, Pennsylvania Banks for Small Business

Pennsylvania SBA Banks