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May 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Engineering Services Loan | ||||
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Glenolden, Pennsylvania Bank Loan
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Get an SBA Loan for Engineering ServicesLooking for bank loans for engineering services? The SBA may be the answer. This $873,000 engineering services loan was issued by a New Jersey bank. This company knew how to go about getting a business bank loan. Based in Glenolden, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Isn Bank, based in Cherry Hill, New Jersey. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender ISN BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541330 - Engineering Services Loan Approval Date 2/5/2002 Loan Approval Gross Amount $873,000 Loan Approval from the SBA Of the total $873,000 loan amount, the SBA guaranteed $654,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 100 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Isn Bank and they will explain how you can get an SBA loan for your company. 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? Find an SBA Lender in Cherry Hill, New Jersey
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