Commercial Loans for Collection Agencies

Looking for commercial loans for collection agencies? An SBA loan may be just what you've been looking for. This $99,750 collection agencies loan was issued by a Pennsylvania bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bank Of America, out of Blue Bell, Pennsylvania. The loan was granted and they received $99,750 to help grow their Willow Grove, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: COLLECTION AGENCIES
WILLOW GROVE, PA 19090

SBA Loan Lender

BANK OF AMERICA
4 SENTRY PKWY, STE 200
BLUE BELL, PA 19422

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

561440 - Collection Agencies

Loan Approval Date

10/4/2002

Loan Approval Gross Amount

$99,750

Loan Approval from the SBA

Of the total $99,750 loan amount, the SBA guaranteed $49,875.

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 10 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

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