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.
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.