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May 14, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > Site Preparation Contractors Loan | ||||
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Philadelphia, Pennsylvania SBA Lenders
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Philadelphia, Pennsylvania Bank Gives SBA Loan to Site Preparation Contractors CompanyThinking about meeting with a Philadelphia, Pennsylvania bank about a small business loan? Here's one New Jersey business loan, issued by a Philadelphia bank, that was approved by the SBA. Applying for an SBA loan with Commerce Bank worked out well for our friends at one local company in Franklinville, New Jersey. They got an SBA loan for $131,900. Nice! SBA Loan Borrower COMPANY TYPE: SITE PREPARATION CONTRACTORS SBA Loan Lender COMMERCE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238910 - Site Preparation Contractors Loan Approval Date 12/5/2003 Loan Approval Gross Amount $131,900 Loan Approval from the SBA Of the total $131,900 loan amount, the SBA guaranteed $112,115. 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 application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $131,900. How would you spend $131,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Borrowing Money from Friends and Family Good Banks for Small Business in Philadelphia, Pennsylvania
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