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May 4, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Buffalo, Business Loans > Manufacturers & Traders Trust Buffalo Business Loans > Kd Disaster Cleanup, LLC Loan | ||||
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How to Get SBA Loans in Collingdale, Pennsylvania
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Collingdale, PA Entrepreneur Gets SBA Loan to Buy Servpro FranchiseNeed money to buy a Servpro franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Servpro franchise may simply require a phone call to a local SBA banker. In 2007, Manufacturers & Traders Trust issued an SBA franchise loan to an entrepreneur in Collingdale, Pennsylvania. Because Servpro was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis. SBA Loan Borrower KD DISASTER CLEANUP, LLC SBA Loan Lender MANUFACTURERS & TRADERS TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 562910 - Remediation Services Loan Approval Date 5/10/2007 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $65,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business If you are raising money in Collingdale PA, you ought to talk with a local Collingdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Collingdale businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Manufacturers & Traders Trust 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. Related Links: How Much Venture Capital Is There? Best Buffalo, New York Banks for Small Business
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