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May 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Vineland, Business Loans > Sun National Bank Vineland Business Loans > Bare Printed Circuit Board Manufacturing Loan | ||||
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Advice for Entrepreneurs On Getting a Loan
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Bare Printed Circuit Board Manufacturing SBA LoansLooking for SBA loans for bare printed circuit board manufacturing? An SBA loan may be just what you've been looking for. This $350,000 bare printed circuit board manufacturing loan was issued by a New Jersey bank. Getting a small business loan in Levittown, Pennsylvania was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Sun National Bank, operating out of Vineland, New Jersey. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: BARE PRINTED CIRCUIT BOARD MANUFACTURING SBA Loan Lender SUN NATIONAL BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 334412 - Bare Printed Circuit Board Manufacturing Loan Approval Date 12/22/2005 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 20 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 20 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Good Banks for Small Business in Vineland, New Jersey
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