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May 15, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Philadelphia, Business Loans > Citizens Bank Of Pennsylvania Philadelphia Business Loans > Services To Buildings And Dwellings Loan | ||||
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Raising Money in Philadelphia, Pennsylvania With SBA Loans
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Where to Get Capital for Services to Buildings and DwellingsLooking for small business loans for services to buildings and dwellings? The SBA may be the answer. This $50,000 services to buildings and dwellings loan was issued by a Pennsylvania bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Citizens Bank Of Pennsylvania, out of Philadelphia, Pennsylvania. The loan was granted and they received $50,000 to help grow their Philadelphia, Pennsylvania business. SBA Loan Borrower COMPANY TYPE: SERVICES TO BUILDINGS AND DWELLINGS SBA Loan Lender CITIZENS BANK OF PENNSYLVANIA The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 561790 - Services to Buildings and Dwellings Loan Approval Date 8/11/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Bank Of Pennsylvania and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - How to Decide How Much to Raise SBA Banks in Philadelphia, Pennsylvania
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