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May 3, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Philadelphia, Business Loans > Firstrust Savings Bank Philadelphia Business Loans > Investigation Services Loan | ||||
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SBA Loan from Firstrust Savings Bank
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Conshohocken, Pennsylvania Business Gets SBA-Guaranteed Funding from Firstrust Savings BankAn SBA loan from Firstrust Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Conshohocken, Pennsylvania business owner got a $250,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Firstrust Savings Bank, out of Philadelphia, Pennsylvania. The loan was granted and they received $250,000 to help grow their Conshohocken, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: INVESTIGATION SERVICES SBA Loan Lender FIRSTRUST SAVINGS BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561611 - Investigation Services Loan Approval Date 12/10/2001 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 18 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $250,000 loan. Remember, fight for what you want, and it will be yours! 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 Decide How Much to Raise Best Banks for Small Business in Philadelphia, Pennsylvania Browse All Business Loan Sources for Pennsylvania
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