Wilmington, Delaware Business Gets SBA-Guaranteed Funding from Commerce Bank

Commerce Bank has a track record as a leading provider of SBA loans. Find out how this Delaware entrepreneur received an SBA loan from them.

Getting a small business loan in Wilmington, Delaware was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank, operating out of Wilmington, Delaware. Here are the details on this Delaware small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
WILMINGTON, DE 19803

SBA Loan Lender

COMMERCE BANK
2502 MARSH RD
WILMINGTON, DE 19810

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

9/26/2000

Loan Approval Gross Amount

$128,339

Loan Approval from the SBA

Of the total $128,339 loan amount, the SBA guaranteed $96,254.

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 25 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $128,339. How would you spend $128,339 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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