Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Tips for Getting a Franchise Loan

 

 
Loan Census SBA Loan Info

Pnc Bank, National Association Provides SBA Loan to Buy Colbert/ball Tax Service Franchise

Borrowing money to purchase a Colbert/ball Tax Service franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Bear, Delaware needed money to invest in a Colbert/ball Tax Service franchise back in 2007. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Delaware small business loan.

SBA Loan Borrower

BLACK & COMPANY TAX SERVICE, LLC DBA COLBE
BEAR, DE 19701

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

This lender processed this commercial 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

541219 - Accounting Services

Loan Approval Date

12/14/2007

Loan Approval Gross Amount

$45,900

Loan Approval from the SBA

Of the total $45,900 loan amount, the SBA guaranteed $22,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Colbert/ball Tax Service franchise. At the time of the loan, the company had no employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pnc Bank, National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

Related Links:

Colbert/Ball Tax Service

Business Incubators

SBA 7A Banks in Pittsburgh, Pennsylvania

Pennsylvania SBA 7A Lenders