As a Preferred Lender under the US Small Business Administration’s (SBA’s) distinguished Preferred Lender Program (PLP), we support the small business community with specialized funding.
Important SBA Economic Injury Disaster Loan (EIDL) Information
On March 19, 2020, all counties in Pennsylvania were issued the disaster declaration that makes businesses in PA eligible to apply for SBA Economic Injury Disaster Loan (EIDL) loans. Impacted businesses should apply as soon as they are able.
- Small businesses and private non-profits are able to apply for an SBA Economic Injury Disaster Loan (EIDL) online at https://disasterloan.sba.gov/ela.
- Businesses should be prepared with the documentation needed to apply. For example, they will be asked for federal business and personal tax returns, and historical and projected revenue. All businesses are able to review the SBA Disaster Business Loan Application paper forms and requirements at https://disasterloan.sba.gov/ela/Information/PaperForms. A complete and thorough application will be eligible for funding (an incomplete application will delay the process.)
- The most up-to-date website on SBA’s Disaster Assistance in response to Coronavirus (COVID-19) is: https://www.sba.gov/disaster-assistance/coronavirus-covid-19.
- For additional information, please visit: https://www.sba.gov/page/guidance-businesses-employers-plan-respond-coronavirus-disease-2019-covid-19. The SBA disaster assistance customer service center can be reached at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com for questions and guidance on the loan application process.
As an SBA Preferred Lender, Mid Penn Bank is here to help you navigate the application process. While businesses will apply for these loans directly to the SBA, you can reach out to us for guidance and with questions.
Natalie Falatek, Director SBA/Guaranteed Lending
Christyan Devan, Commercial Loan Officer
U.S. Small Business Administration (SBA) Loans
Mid Penn Bank is proud to be a Preferred Lender under the US Small Business Administration’s (SBA’s) distinguished Preferred Lender Program (PLP).
At Mid Penn Bank, we speak with small business owners every day and we understand their unique challenges and needs. We understand that one concern for smaller organizations hinges on financing. Larger companies can rely on assets or significant cash reserves, but smaller companies may not yet have the credit history or robust holdings to secure traditional commercial loans.
Solutions for Small Businesses
Through our partnership with the SBA, we are able to help many more individuals start and expand businesses across the state of Pennsylvania.
As a preferred lender, Mid Penn Bank can offer the following benefits to eligible businesses:
- Enhancements to current SBA programs for streamlined lending
- Reduction in fees
- Higher guarantees
- Expanded eligibility
Supporting Small Business Growth throughout Pennsylvania
As a community bank, Mid Penn Bank understands the importance of keeping revenue local and supporting locally-based organizations. Under the current SBA 7A Loan Program, we have helped many businesses open their doors or grow.
Many types of businesses can benefit from an SBA loan, including but not limited to:
- Landscaping companies
- Restaurants and pubs
- Kennels and pet hotels
- Small retailers and stores
- Small manufacturers
Whether you’re opening a boutique hotel in Dauphin County, a pet grooming business in Montgomery County, a retail store in Berks County, a hair salon in Cumberland County, or another small business in Pennsylvania, turn to Mid Penn Bank as your trusted SBA lender.