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May 7, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Photography Studios, Portrait Loan | ||||
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Bank Of America Small Business Loan
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Where to Get Capital for Photography Studios, PortraitWith these small business loans for photography studios, portrait, the SBA guarantees the lender that the loan will be repaid. This photography studios, portrait loan for $29,500 was given to a Pennsylvania entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North Wales, Pennsylvania was able to borrow $29,500 from Bank Of America. The SBA made the loan possible by guaranteeing $14,750 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHY STUDIOS, PORTRAIT SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 541921 - Photography Studios, Portrait Loan Approval Date 9/2/2004 Loan Approval Gross Amount $29,500 Loan Approval from the SBA Of the total $29,500 loan amount, the SBA guaranteed $14,750. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a company in North Wales PA, you ought to talk with a local North Wales SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Wales businesses. We can help you find the best banks for small businesses in North Wales or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Borrowing Money from Friends and Family Find an SBA Lender in Providence, Rhode Island
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