 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
||
| Entrepreneur Resources | Sovereign Bank Villanova Business Loans | ||||
 |
||||
Sovereign Bank SBA 7A Loans
|
||||
 |
Graphic Design Services Business LoansLooking for business loans for graphic design services? The SBA may be the answer. This $15,000 graphic design services loan was issued by a Pennsylvania bank.
The Philidor Company knew how to go about getting a business bank loan. Based in Lexington, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Sovereign Bank, based in Villanova, Pennsylvania. SBA Loan Borrower The Philidor Company SBA Loan Lender SOVEREIGN BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541430 - Graphic Design Services Loan Approval Date 5/4/2006 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower, The Philidor Company, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The Philidor Company needed a loan. Sovereign Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Sovereign Bank made the loan. The end result was that The Philidor Company 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 SBA loan database. Related Links: Banks in Villanova, Pennsylvania Find an SBA Lender in Pennsylvania If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
|
|
||
|
||||
|
|
||||
