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November 14, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Somerset, Business Loans > Pnc Bank, National Association Somerset Business Loans > Automotive Repair Shops Loan | ||||
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New Jersey SBA Lenders
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Somerset, New Jersey Bank Gives SBA Loan to Automotive Repair Shops CompanyWant to talk with a Somerset, New Jersey bank about a small business loan? Here's one New Jersey business loan, issued by a Somerset bank, that was approved by the SBA. Applying for an SBA loan with Pnc Bank, National Association worked out well for our friends at one local company in Carlstadt, New Jersey. They received an SBA loan for $341,200. Sweet! SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR SHOPS SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7539 - Automotive Repair Shops NAICS Code 811118 - Automotive Mechanical and Electrical Repair and Maintenance Loan Approval Date 5/10/2000 Loan Approval Gross Amount $341,200 Loan Approval from the SBA Of the total $341,200 loan amount, the SBA guaranteed $255,900. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Banks in Somerset, New Jersey
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