The Legacy Bank, A Division Of SBA Loan to Tobacco Stores Company

An SBA loan from The Legacy Bank, A Division Of typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hazleton, Pennsylvania business owner got a $550,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hazleton, Pennsylvania was able to borrow $550,000 from The Legacy Bank, A Division Of. The SBA made the loan possible by guaranteeing $412,500 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: TOBACCO STORES
Hazleton, PA 18201

SBA Loan Lender

THE LEGACY BANK, A DIVISION OF
2600 COMMERCE DR
HARRISBURG, PA 17110

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

453991 - Tobacco Stores

Loan Approval Date

12/15/2005

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Legacy Bank, A Division Of so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Microlending as a Small Business Funding Source

Find an SBA Lender in Harrisburg, Pennsylvania

Getting an SBA Loan in Pennsylvania