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May 14, 2024  
 
 
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I Need a Business Loan in Reading, Pennsylvania

 

 
Loan Census SBA Loan Info

Small Business Loans for Process, Physical Distribution, and Logistics Consulting Services

Looking for small business loans for process, physical distribution, and logistics consulting services? Try the SBA. This $210,000 process, physical distribution, and logistics consulting services loan was issued by a Pennsylvania bank.

This company knew how to go about getting a business bank loan. Based in Reading, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Patriot Bank, based in Pottstown, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT CONSULTING SERVICES
READING, PA 19601

SBA Loan Lender

PATRIOT BANK
1566 MEDICAL DR
POTTSTOWN, PA 19464

This commercial loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8742 - Management Consulting Services

NAICS Code

541614 - Process, Physical Distribution, and Logistics Consulting Services

Loan Approval Date

12/19/2003

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

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 12 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Patriot Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Patriot Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Small Business Loan

SBA 7A Banks for Pottstown, Pennsylvania Loans

Getting a Business Loan in Pennsylvania