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May 14, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Bensalem, Business Loans > Commerce Bank Bensalem Business Loans > Electronic Shopping Loan | ||||
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Raising Money in Collegeville, Pennsylvania With SBA Loans
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Electronic Shopping Bank LoansWith these bank loans for electronic shopping, the SBA guarantees the lender that the loan will be repaid. This electronic shopping loan for $500,000 was given to a Pennsylvania entrepreneur in 2005. Getting a small business loan in Collegeville, Pennsylvania was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank, operating out of Bensalem, Pennsylvania. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRONIC SHOPPING SBA Loan Lender COMMERCE BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454111 - Electronic Shopping Loan Approval Date 9/23/2005 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 2 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours 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: Dealing With Venture Capitalists Find an SBA Lender in Bensalem, Pennsylvania
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