Souderton, Pennsylvania Lender Lends Money to Convenience Stores Company

Thinking about meeting with a Souderton, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by a Souderton bank, that was approved by the SBA.

Applying for an SBA loan with Univest National Bank & Trust. worked out well for our friends at one local business in Schwenksville, Pennsylvania. The business was able to get an SBA loan for $206,300. Sweet!

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
SCHWENKSVILLE, PA 19473

SBA Loan Lender

UNIVEST NATIONAL BANK & TRUST.
10 W BROAD ST
SOUDERTON, PA 18964

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

12/13/2004

Loan Approval Gross Amount

$206,300

Loan Approval from the SBA

Of the total $206,300 loan amount, the SBA guaranteed $154,725.

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 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $206,300 loan. Remember, feel the fear, and do it anyway.

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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