Meridian Bank Closes SBA Loan for Business and Real Estate Purchase in Philadelphia

Meridian Bank's SBA Lending Team closed a $575,000 SBA Loan for the commercial real estate and business asset purchase of a garden and landscaping company in Philadelphia, PA. The SBA Loan was structured with a fully-amortizing 25-year loan term and financed 90% of the total project costs, including initial working capital and closing costs.

The new business owner was introduced to Meridian Bank via their loan advisor, Greenbriar Capital LLC. The business owner was impressed with Meridian's speed and focus on execution, as well as improved terms based on other financing bids they had received. Additionally, the Bank was able to provide a line of credit for ongoing working capital needs which will be paramount for their industry and specific needs.

Meridian Bank is an SBA Preferred Lender ("PLP") and consistently a top-ranked lender in the Tri-State Region. They are actively lending on Real Estate Purchases and Refinances, Business Acquisition and Partner Buy-Outs, Equipment Purchases, Debt Consolidations, Franchise Opportunities, and Specialized-Industry Lending. Their loan products provide highly-competitive rates, low closing costs, and a streamlined closing process with their experienced team.

For more information about Meridian Bank and their SBA lending program, please contact:

Paul Avery, RVP & SBA Loan Officer?- 484.395.2063 |[email protected]