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October 31, 2024  
 
 
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Advice for Businesses On Getting a Loan

 

 
Loan Census SBA Loan Info

Small Business Loans for Store Retailers

With these small business loans for store retailers, the SBA guarantees the lender that the loan will be repaid. This store retailers loan for $45,000 was given to a Pennsylvania entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Frazer, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Commerce Bank, based in Devon, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
FRAZER, PA 19355

SBA Loan Lender

COMMERCE BANK
200 LANCASTER AVE
DEVON, PA 19333

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

3/28/2001

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Frazer PA, you ought to talk with a local Frazer SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Frazer businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $45,000 loan. Remember, you control your own destiny.

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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