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May 11, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Harrisburg, Business Loans > The Legacy Bank, A Division Of Harrisburg Business Loans > Offices And Clinics Of Chiropractors Loan | ||||
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SBA Lender Mechanicsburg
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The Legacy Bank, A Division Of SBA Loan to Offices And Clinics Of Chiropractors CompanyAn 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 Mechanicsburg, Pennsylvania business owner got a $87,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mechanicsburg, Pennsylvania was able to borrow $87,000 from The Legacy Bank, A Division Of. The SBA made the loan possible by guaranteeing $73,950 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS SBA Loan Lender THE LEGACY BANK, A DIVISION OF This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8041 - Offices and Clinics of Chiropractors NAICS Code 621310 - Chiropractors Loan Approval Date 6/11/2003 Loan Approval Gross Amount $87,000 Loan Approval from the SBA Of the total $87,000 loan amount, the SBA guaranteed $73,950. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Harrisburg, Pennsylvania Where to Get an SBA Loan Pennsylvania
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