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April 19, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Wilmington, Business Loans > Preferred Capital Bidco, Inc. Wilmington Business Loans > Beer, Wine, And Liquor Stores Loan | ||||
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Banks Doing SBA Loans in Delaware
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Wilmington, Delaware Lender Lends Money to Beer, Wine, And Liquor Stores CompanyWant to talk with a Wilmington, Delaware bank about a business loan? Here's one Pennsylvania business loan, issued by a Wilmington bank, that was approved by the SBA. Applying for an SBA loan with Preferred Capital Bidco, Inc. worked out well for our friends at one local firm in Jim Thorpe, Pennsylvania. They got an SBA loan for $395,000. Nice! SBA Loan Borrower COMPANY TYPE: BEER, WINE, AND LIQUOR STORES SBA Loan Lender PREFERRED CAPITAL BIDCO, INC. This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 5/19/2005 Loan Approval Gross Amount $395,000 Loan Approval from the SBA Of the total $395,000 loan amount, the SBA guaranteed $296,250. 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 2 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Good Banks for Small Business in Wilmington, Delaware
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