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May 18, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Oxford, Business Loans > National Penn Bank Oxford Business Loans > Leather Goods Loan | ||||
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SBA Lender Oxford, Pennsylvania
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Oxford, Pennsylvania Bank Lends Money to Leather Goods Company in Cochranville, PennsylvaniaThinking about meeting with an Oxford, Pennsylvania bank about a small business loan? Here's one Pennsylvania business loan, issued by an Oxford bank, that was approved by the SBA. Applying for an SBA loan with National Penn Bank worked out well for our friends at one local company in Cochranville, Pennsylvania. They got an SBA loan for $70,000. Sweet! SBA Loan Borrower COMPANY TYPE: LEATHER GOODS SBA Loan Lender NATIONAL PENN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3199 - Leather Goods NAICS Code 316999 - Leather Good and Allied Product Manufacturing Loan Approval Date 9/1/2000 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $56,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Who Lends Money to Small Businesses in Oxford, Pennsylvania
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