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May 19, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Warminster, Business Loans > Stonebridge Bank Warminster Business Loans > Shoe Stores Loan | ||||
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SBA Lenders in Pennsylvania
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SBA Loan from Stonebridge Bank Helps Shoe Stores CompanyStonebridge Bank 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. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Norristown, Pennsylvania was able to borrow $450,000 from Stonebridge Bank. The SBA made the loan possible by guaranteeing $337,500 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: SHOE STORES SBA Loan Lender STONEBRIDGE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448210 - Shoe Stores Loan Approval Date 9/25/2007 Loan Approval Gross Amount $450,000 Loan Approval from the SBA Of the total $450,000 loan amount, the SBA guaranteed $337,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start business in Norristown PA, you ought to talk with a local Norristown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Norristown businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks for Small Business in Warminster, Pennsylvania
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