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May 14, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Blue Bell, Business Loans > Bank Of America Blue Bell Business Loans > Retail Nurseries, Lawn And Garden Supply Stores Loan | ||||
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We Needed an SBA Loan in Newtown, Pennsylvania and We Got One!
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Commercial Loans for Nursery and Garden CentersLooking for commercial loans for nursery and garden centers? Try the SBA. This $700,000 nursery and garden centers loan was issued by a Pennsylvania bank. This business knew how to go about getting a business bank loan. Based in Newtown, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank Of America, based in Blue Bell, Pennsylvania. SBA Loan Borrower COMPANY TYPE: RETAIL NURSERIES, LAWN AND GARDEN SUPPLY STORES SBA Loan Lender BANK OF AMERICA This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and a thorough understanding of SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5261 - Retail Nurseries, Lawn and Garden Supply Stores NAICS Code 444220 - Nursery and Garden Centers Loan Approval Date 10/23/2000 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. 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 24 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Banks in Blue Bell, Pennsylvania
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