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April 30, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Bryn Mawr, Business Loans > Susquehanna Bank Dv Bryn Mawr Business Loans > Textile Product Mills Loan | ||||
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Textile Product Mills Commercial LoansLooking for commercial loans for textile product mills? The SBA may be the answer. This $195,000 textile product mills loan was issued by a Pennsylvania bank. This small business knew how to go about getting a business bank loan. Based in Philadelphia, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Susquehanna Bank Dv, based in Bryn Mawr, Pennsylvania. SBA Loan Borrower COMPANY TYPE: TEXTILE PRODUCT MILLS SBA Loan Lender SUSQUEHANNA BANK DV This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 314999 - Textile Product Mills Loan Approval Date 12/11/2006 Loan Approval Gross Amount $195,000 Loan Approval from the SBA Of the total $195,000 loan amount, the SBA guaranteed $146,250. 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 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs. 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. This SBA loan was for $195,000. How would you spend $195,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Who Lends Money to Small Businesses in Bryn Mawr, Pennsylvania
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