Financing for Commercial and Industrial Machinery and Equipment Rental and Leasing

Looking for loans for commercial and industrial machinery and equipment rental and leasing? Talk to a banker who works with the SBA. This $1,200,000 commercial and industrial machinery and equipment rental and leasing loan was issued by a Pennsylvania bank.

Getting a small business loan in Maple Glen, Pennsylvania was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Td Banknorth, operating out of Plymouth Meeting, Pennsylvania. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING
MAPLE GLEN, PA 19002

SBA Loan Lender

TD BANKNORTH
580 W GERMANTOWN PIKE
PLYMOUTH MEETING, PA 19462

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing

Loan Approval Date

5/30/2001

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

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 6 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Maple Glen or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Small Business Credit Cards

Best Plymouth Meeting, Pennsylvania Banks for Small Business

SBA Lenders in Pennsylvania