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April 30, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Devon, Business Loans > Commerce Bank Devon Business Loans > Party Land Loan | ||||
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Good Sources for Ardmore SBA Loans
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Borrow Money to Buy a Partyland retail Party Goods FranchiseNeed a loan to invest in a Partyland retail Party Goods franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Partyland retail Party Goods franchise loans are available to Ardmore, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commerce Bank, based in Devon, Pennsylvania, issued an SBA franchise loan for a Partyland retail Party Goods franchise in 2002. We've got all the details on this Pennsylvania small business loan. SBA Loan Borrower PARTY LAND SBA Loan Lender COMMERCE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 453998 - Store Retailers Loan Approval Date 2/6/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Partyland retail Party Goods franchise. At the time of the loan, the company had 35 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 39 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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. Related Links: Best Banks in Devon, Pennsylvania SBA Participating Banks in Pennsylvania
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