SBA Loan from Susquehanna Bank Pa Helps Child Day Care Services Company

An SBA loan from Susquehanna Bank Pa typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a York, Pennsylvania business owner got a $25,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in York, Pennsylvania was able to borrow $25,000 from Susquehanna Bank Pa. The SBA made the loan possible by guaranteeing $21,250 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
YORK, PA 17402

SBA Loan Lender

SUSQUEHANNA BANK PA
2951 WHITEFORD RD
YORK, PA 17402

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

9/17/2001

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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 30 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.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in York PA, you ought to talk with a local York SBA lender or talk with an out-of-area SBA lender that has previously loaned money to York businesses.

This SBA loan was for $25,000. How would you spend $25,000 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.

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