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May 16, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Lemoyne, Business Loans > Commerce Bank/harrisburg Natl Lemoyne Business Loans > On-Line Information Services Loan | ||||
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I Need Commercial Loans in Elizabethville, Pennsylvania
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How to Get a Loan for On-Line Information ServicesLooking for commercial loans for on-line information services? Talk to a banker who works with the SBA. This $50,000 on-line information services loan was issued by a Pennsylvania bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Elizabethville, Pennsylvania was able to borrow $50,000 from Commerce Bank/harrisburg Natl. The SBA made the loan possible by guaranteeing $25,000 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: ON-LINE INFORMATION SERVICES SBA Loan Lender COMMERCE BANK/HARRISBURG NATL 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 514191 - On-Line Information Services Loan Approval Date 5/24/2002 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 a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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 need seed money for business? Maybe you want money to buy a franchise? 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: Role of Business Plan When Raising Money Good Banks for Small Business in Lemoyne, Pennsylvania
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