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May 16, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Podiatrists Loan | ||||
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Clifton Heights, Pennsylvania Bank Loan
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Bank Loans for PodiatristsLooking for bank loans for podiatrists? Talk to a banker who works with the SBA. This $112,000 podiatrists loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clifton Heights, Pennsylvania was able to borrow $112,000 from Isn Bank. The SBA made the loan possible by guaranteeing $95,200 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: PODIATRISTS SBA Loan Lender ISN BANK This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621391 - Podiatrists Loan Approval Date 3/7/2002 Loan Approval Gross Amount $112,000 Loan Approval from the SBA Of the total $112,000 loan amount, the SBA guaranteed $95,200. 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 2 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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: Banking Deregulation's Effects on Entrepreneurship Best Banks in Cherry Hill, New Jersey Getting an SBA Loan in New Jersey
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