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November 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Camp Hill, Business Loans > Blc Bank Camp Hill Business Loans > Membership Sports And Recreation Clubs Loan | ||||
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SBA 7A Banks for York, Pennsylvania Business Owners
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Fitness and Recreational Sports Centers Commercial LoansLooking for commercial loans for fitness and recreational sports centers? Talk to a banker who works with the SBA. This $930,000 fitness and recreational sports centers loan was issued by a Pennsylvania bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Blc Bank, out of Camp Hill, Pennsylvania. The loan was granted and they received $930,000 to help grow their York, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: MEMBERSHIP SPORTS AND RECREATION CLUBS SBA Loan Lender BLC BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7997 - Membership Sports and Recreation Clubs NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 5/31/2005 Loan Approval Gross Amount $930,000 Loan Approval from the SBA Of the total $930,000 loan amount, the SBA guaranteed $697,500. 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 5 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to borrow money from friends and family, 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. Related Links: Obtaining Funding - How to Borrow Money SBA 7A Banks for Camp Hill, Pennsylvania Loans
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