How to Get a Loan for Residential Care Facilities

With these SBA loans for residential care facilities, the SBA guarantees the lender that the loan will be repaid. This residential care facilities loan for $192,800 was given to a Pennsylvania entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Red Lion, Pennsylvania was able to borrow $192,800 from Commerce Bank/harrisburg Natl. The SBA made the loan possible by guaranteeing $144,600 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL CARE
RED LION, PA 17356

SBA Loan Lender

COMMERCE BANK/HARRISBURG NATL
1249 MARKET ST
LEMOYNE, PA 17043

This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and a thorough understanding of SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8361 - Residential Care

NAICS Code

623990 - Residential Care Facilities

Loan Approval Date

5/16/2003

Loan Approval Gross Amount

$192,800

Loan Approval from the SBA

Of the total $192,800 loan amount, the SBA guaranteed $144,600.

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 5 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Red Lion PA, you ought to talk with a local Red Lion SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Red Lion businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Commerce Bank/harrisburg Natl that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Banks in Lemoyne, Pennsylvania

Getting a Business Loan in Pennsylvania