Raising Money for Legal Services

With these business loans for legal services, the SBA guarantees the lender that the loan will be repaid. This legal services loan for $5,000 was given to a Pennsylvania entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Youngwood, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Rbs Citizens, based in Norwood, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: LEGAL SERVICES
YOUNGWOOD, PA 15697

SBA Loan Lender

RBS CITIZENS
725 CANTON ST
NORWOOD, MA 02062

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541199 - Legal Services

Loan Approval Date

11/14/2002

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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 - Getting Venture Capital

SBA 7A Banks for Norwood, Massachusetts Loans

Getting an SBA Loan in Massachusetts