Devon, Pennsylvania Lender Lends Money to Computer And Computer Peripheral Equipment And Software Wholesalers Company
Thinking about meeting with a Devon, Pennsylvania bank about an SBA loan? Here's one Pennsylvania business loan, issued by a Devon bank, that was approved by the SBA.
Applying for an SBA loan with Commerce Bank worked out well for our friends at one local business in King Of Prussia, Pennsylvania. They got an SBA loan for $150,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: COMPUTER AND COMPUTER PERIPHERAL EQUIPMENT AND SOFTWARE WHOLESALERS
KING OF PRUSSIA, PA 19406
SBA Loan Lender
COMMERCE BANK
200 LANCASTER AVE
DEVON, PA 19333
This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
421430 - Computer and Computer Peripheral Equipment and Software Wholesalers
Loan Approval Date
7/20/2001
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
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 only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 6 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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:
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Banks in Devon, Pennsylvania
Pennsylvania SBA Bank Lenders