Small Business Loans for Charter Bus Industry

With these small business loans for charter bus industry, the SBA guarantees the lender that the loan will be repaid. This charter bus industry loan for $377,100 was given to a Pennsylvania entrepreneur in 2006.

Getting a small business loan in Lititz, Pennsylvania was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from The Bank, operating out of Windsor, New Jersey. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: CHARTER BUS INDUSTRY
LITITZ, PA 17543

SBA Loan Lender

THE BANK
RTE 130 MAIN ST
WINDSOR, NJ 08561

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

485510 - Charter Bus Industry

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$377,100

Loan Approval from the SBA

Of the total $377,100 loan amount, the SBA guaranteed $282,825.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.

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

If you have been wondering how do i get money to start a business in Lititz PA, you ought to talk with a local Lititz SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lititz businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from The Bank 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.

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