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May 8, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > York, Business Loans > Susquehanna Bank Pa York Business Loans > General Automotive Repair Shops Loan | ||||
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How to Get SBA Loans in Glen Rock, Pennsylvania
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Getting an SBA Loan for Automotive Parts and Accessories StoresLooking for business loans for automotive parts and accessories stores? Talk to a banker who works with the SBA. This $25,000 automotive parts and accessories stores loan was issued by a Pennsylvania bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Susquehanna Bank Pa, out of York, Pennsylvania. The loan was granted and they received $25,000 to help grow their Glen Rock, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender SUSQUEHANNA BANK PA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 5/24/2002 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 14 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA Approved Banks in York, Pennsylvania
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