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May 9, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Hagerstown, Business Loans > Susquehanna Bank Hagerstown Business Loans > Skilled Nursing Care Facilities Loan | ||||
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Maryland Bank SBA Loans
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Susquehanna Bank SBA Loan to Skilled Nursing Care Facilities CompanyLooking to get a Maryland small business loan? Here's one Maryland business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Lonaconing, Maryland, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Susquehanna Bank, based in Hagerstown, Maryland. SBA Loan Borrower COMPANY TYPE: SKILLED NURSING CARE FACILITIES SBA Loan Lender SUSQUEHANNA BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8051 - Skilled Nursing Care Facilities Loan Approval Date 3/22/2000 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. 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 80 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Susquehanna Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Find an SBA Lender in Hagerstown, Maryland
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