Ebensburg, PA Entrepreneur Gets SBA Loan to Buy House Doctors Handyman Service Franchise
Need a loan to purchase a House Doctors Handyman Service franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a House Doctors Handyman Service franchise shouldn't be overly burdensome. In 2002, Pnc Bank, National Association issued an SBA franchise loan to an entrepreneur in Ebensburg, Pennsylvania. Because House Doctors Handyman Service was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.
SBA Loan Borrower
REAM ENTERPRISES INC
EBENSBURG, PA 15931
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
811490 - Personal and Household Goods Repair and Maintenance
Loan Approval Date
9/20/2002
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $17,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a House Doctors Handyman Service franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
House Doctors Handyman Service
Obtaining Funding - Friends and Family
SBA Participating Banks in Pittsburgh, Pennsylvania
Pennsylvania SBA 7A Banks