 |
 |
May 18, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Lemoyne, Business Loans > Commerce Bank/harrisburg Natl Lemoyne Business Loans > Top And Body Repair And Paint Shops Loan | ||||
 |
||||
Tips for Business Owners On Getting a Loan
|
||||
 |
Get an SBA Loan for Automotive Body, Paint, and Interior Repair and MaintenanceLooking for bank loans for automotive body, paint, and interior repair and maintenance? Try the SBA. This $60,000 automotive body, paint, and interior repair and maintenance loan was issued by a Pennsylvania bank. Getting a small business loan in Mount Holly Springs, Pennsylvania was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank/harrisburg Natl, operating out of Lemoyne, Pennsylvania. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS SBA Loan Lender COMMERCE BANK/HARRISBURG NATL This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7532 - Top and Body Repair and Paint Shops NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 3/28/2000 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $48,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the borrowed money would help create 1 new job. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Small Business Banks in Lemoyne, Pennsylvania Where to Get an SBA Loan Pennsylvania
|
|
||
|
||||
|
|
||||