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May 19, 2024  
 
 
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Pennsylvania Bank SBA Loans

 

 
Loan Census SBA Loan Info

Sovereign Bank SBA Loan to Management Consulting Services Company

Looking to get a Pennsylvania small business loan? Here's one Pennsylvania business loan that was approved by the SBA.

This small business needed an SBA business loan in Stewartstown, Pennsylvania back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Sovereign Bank, operating out of York, Pennsylvania. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT CONSULTING SERVICES
STEWARTSTOWN, PA 17363

SBA Loan Lender

SOVEREIGN BANK
101 S GEORGE ST
YORK, PA 17401

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8742 - Management Consulting Services

Loan Approval Date

6/7/2000

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $20,000.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

The Art of Bootstrapping

Best York, Pennsylvania Banks for Small Business

Getting a Business Loan in Pennsylvania