Philadelphia, Pennsylvania Business Gets SBA-Guaranteed Funding from Business Lenders, LLC
Business Lenders, LLC has a track record as a leading provider of SBA loans. Find out how this Pennsylvania entrepreneur received an SBA loan from them.
This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Business Lenders, LLC, out of Hartford, Connecticut. The loan was granted and they received $500,000 to help grow their Philadelphia, Pennsylvania business.
SBA Loan Borrower
COMPANY TYPE: BREAD, CAKE, AND RELATED BAKERY PRODUCTS
PHILADELPHIA, PA 19118
SBA Loan Lender
BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103
This lender provides SBA loan for small businesses 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
2051 - Bread, Cake, and Related Bakery Products
NAICS Code
311812 - Commercial Bakeries
Loan Approval Date
7/11/2000
Loan Approval Gross Amount
$500,000
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $375,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 22 employees. The SBA loan documents indicated that the loan would help retain 22 existing jobs.
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 Business Lenders, LLC 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.
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