Freight Transportation Arrangement Bank Loans

Looking for bank loans for freight transportation arrangement? The SBA may be the answer. This $40,000 freight transportation arrangement loan was issued by a Maryland bank.

Getting a small business loan in Easton, Maryland was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Pnc Bank, National Association, operating out of Saint Michaels, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: ARRANGEMENT OF TRANSPORTATION OF FREIGHT AND CARGO
EASTON, MD 21601

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
213 TALBOT ST
SAINT MICHAELS, MD 21663

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4731 - Arrangement of Transportation of Freight and Cargo

NAICS Code

488510 - Freight Transportation Arrangement

Loan Approval Date

5/2/2002

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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