Susquehanna Bank SBA Loan to Eating Places Company

Want a Maryland business loan? Here's one Maryland business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in College Park, Maryland was able to borrow $95,500 from Susquehanna Bank. The SBA made the loan possible by guaranteeing $76,400 of this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
COLLEGE PARK, MD 20704

SBA Loan Lender

SUSQUEHANNA BANK
100 WEST RD
BALTIMORE, MD 21204

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/17/2000

Loan Approval Gross Amount

$95,500

Loan Approval from the SBA

Of the total $95,500 loan amount, the SBA guaranteed $76,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in College Park MD, you ought to talk with a local College Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to College Park businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Susquehanna Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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