Hanover, Pennsylvania Lender Lends Money to Poultry And Poultry Products Company

Find Hanover, Pennsylvania banks that specialize in SBA loans and know how to work with entrepreneurs. Susquehanna Bank Pa is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Lancaster, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Susquehanna Bank Pa. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: POULTRY AND POULTRY PRODUCTS
LANCASTER, PA 17535

SBA Loan Lender

SUSQUEHANNA BANK PA
55 WETZEL DR
HANOVER, PA 17331

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5144 - Poultry and Poultry Products

NAICS Code

445210 - Meat Markets

Loan Approval Date

1/8/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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.

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:

The Art of Bootstrapping

Best Hanover, Pennsylvania Banks for Small Business

Getting an SBA Loan in Pennsylvania