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May 11, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Sawmills Loan | ||||
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SBA Lenders That Lend to Pennsylvania Small Businesses
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Pennsylvania Small Business Loan Issued to Sawmills CompanyBank loans in Pennsylvania are hard to find these days. We take a look at one Pennsylvania bank loan, provided by an Utah bank, that was approved by the SBA. This company, based in Waterford, Pennsylvania, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Merrill Lynch Bank Usa. We've got the inside scoop on this Pennsylvania small business loan. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender MERRILL LYNCH BANK USA This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321113 - Sawmills Loan Approval Date 3/1/2001 Loan Approval Gross Amount $1,290,000 Loan Approval from the SBA Of the total $1,290,000 loan amount, the SBA guaranteed $967,500. 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 55 employees. This SBA loan request indicated that the loan would help retain 55 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Waterford or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Participating Banks in Salt Lake City, Utah
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