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May 9, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Wyomissing, Business Loans > Sovereign Bank Wyomissing Business Loans > Digital Printing Loan | ||||
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Banks Doing SBA Loans in Pennsylvania
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Wyomissing, Pennsylvania Bank Gives SBA Loan to Digital Printing CompanyWant to talk with a Wyomissing, Pennsylvania bank about a small business loan? Here's one Massachusetts business loan, issued by a Wyomissing bank, that was approved by the SBA. Applying for an SBA loan with Sovereign Bank worked out well for our friends at one local business in Chelmsford (chelmsford Center), Massachusetts. The business was able to get an SBA loan for $100,000. Nice! SBA Loan Borrower COMPANY TYPE: DIGITAL PRINTING SBA Loan Lender SOVEREIGN BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 323115 - Digital Printing Loan Approval Date 4/4/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money 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 $100,000 loan. Remember, you control your own destiny. 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: Obtaining Funding From a Venture Capitalist Small Business Banks in Wyomissing, Pennsylvania
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