 |
 |
May 16, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Delaware Business Loan Sources > West Chester, Business Loans > First Chester Cnty Corp West Chester Business Loans > Shoe Stores Loan | ||||
 |
||||
Delaware Small Business SBA Loans
|
||||
 |
West Chester, Delaware Entrepreneur Gets a Small Business LoanDelawareSmall business loans are available to Delaware small business owners through the SBA. In this case, a Pennsylvania bank provides the loan. By giving the right information to First Chester Cnty Corp, this West Chester, Delaware business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: SHOE STORES SBA Loan Lender FIRST CHESTER CNTY CORP This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5661 - Shoe Stores NAICS Code 448210 - Shoe Stores Loan Approval Date 3/9/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Chester Cnty Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Chester Cnty Corp 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: SBA Approved Banks in West Chester, Pennsylvania
|
|
||
|
||||
|
|
||||