Business Loan from First Serv Bank A Division - Given to Florists Company

First Serv Bank A Division - is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Pennsylvania entrepreneur who tapped into the power of SBA loans.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Serv Bank A Division -, out of Warminster, Pennsylvania. The loan was granted and they received $120,000 to help grow their Levittown, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
LEVITTOWN, PA 19056

SBA Loan Lender

FIRST SERV BANK A DIVISION -
320 W STREET RD
WARMINSTER, PA 18974

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5992 - Florists

NAICS Code

453110 - Florists

Loan Approval Date

10/19/2000

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $90,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Levittown PA, you ought to talk with a local Levittown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Levittown businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Serv Bank A Division - so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Borrowing Money from Friends and Family

Where to Get an SBA Loan in Warminster, Pennsylvania

SBA Lenders in Pennsylvania