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May 17, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Clarks Summit, Business Loans > Community Bank & Trust Clarks Summit Business Loans > Beer, Wine, And Liquor Stores Loan | ||||
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Tunkhannock, Pennsylvania Bank Loan
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Financing for Beer, Wine, and Liquor StoresWith these commercial loans for beer, wine, and liquor stores, the SBA guarantees the lender that the loan will be repaid. This beer, wine, and liquor stores loan for $350,000 was given to a Pennsylvania entrepreneur in 2008. This small business knew how to go about getting a business bank loan. Based in Tunkhannock, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Community Bank & Trust, based in Clarks Summit, Pennsylvania. SBA Loan Borrower COMPANY TYPE: BEER, WINE, AND LIQUOR STORES SBA Loan Lender COMMUNITY BANK & TRUST This loan for a small business 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 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 1/16/2008 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help create 7 new jobs. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in Tunkhannock PA, you ought to talk with a local Tunkhannock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tunkhannock businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Good Banks for Small Business in Clarks Summit, Pennsylvania
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