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April 26, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Wilmington, Business Loans > Preferred Capital Bidco, Inc. Wilmington Business Loans > Frozen Specialty Food Manufacturing Loan | ||||
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Wilmington Bank Loan
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Wilmington, Delaware Bank Lends Money to Frozen Specialty Food Manufacturing Company in Philadelphia, PennsylvaniaWant to talk with a Wilmington, Delaware bank about an SBA loan? Here's one Pennsylvania business loan, issued by a Wilmington bank, that was approved by the SBA. Applying for an SBA loan with Preferred Capital Bidco, Inc. worked out well for our friends at one local business in Philadelphia, Pennsylvania. They got an SBA loan for $516,550. Awesome! SBA Loan Borrower COMPANY TYPE: FROZEN SPECIALTY FOOD MANUFACTURING SBA Loan Lender PREFERRED CAPITAL BIDCO, INC. This 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. NAICS Code 311412 - Frozen Specialty Food Manufacturing Loan Approval Date 8/19/2005 Loan Approval Gross Amount $516,550 Loan Approval from the SBA Of the total $516,550 loan amount, the SBA guaranteed $387,413. More Information on This SBA Loan The borrower borrowed this money for a new 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 5 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours 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 Wilmington, Delaware Banks for Small Business
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