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May 12, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Wyomissing, Business Loans > Vist Bank Wyomissing Business Loans > Machine Shops Loan | ||||
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Business Loans from Vist Bank
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Reading, Pennsylvania Business Gets SBA-Guaranteed Funding from Vist BankAn SBA loan from Vist Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Reading, Pennsylvania business owner got a $10,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Reading, Pennsylvania was able to borrow $10,000 from Vist Bank. The SBA made the loan possible by guaranteeing $5,000 of this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender VIST BANK The lender provided this SBA small business loan 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 332710 - Machine Shops Loan Approval Date 12/3/2007 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $10,000 loan. Remember, if it to be, it is up to me! 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: Banks in Wyomissing, Pennsylvania
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