Bethlehem, Pennsylvania Lender Lends Money to Electric And Gas Welding And Soldering Equipment Company

Find Bethlehem, Pennsylvania banks that specialize in SBA loans and know how to work with entrepreneurs. Lafayette Ambassador Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Wind Gap, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Lafayette Ambassador Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ELECTRIC AND GAS WELDING AND SOLDERING EQUIPMENT
WIND GAP, PA 18091

SBA Loan Lender

LAFAYETTE AMBASSADOR BANK
BROAD & NEW STREETS
BETHLEHEM, PA 18018

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3548 - Electric and Gas Welding and Soldering Equipment

NAICS Code

333992 - Welding and Soldering Equipment Manufacturing

Loan Approval Date

5/11/2001

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

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

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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