Pnc Bank, National Association Gives SBA Loan to Soft Drink Manufacturing Company

Small business loans in Pennsylvania are tough to come by these days. We take a look at one Pennsylvania small business loan, provided by a Pennsylvania bank, that was approved by the SBA.

Getting a small business loan in Feasterville, Pennsylvania was a top priority for this small company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Pnc Bank, National Association. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: SOFT DRINK MANUFACTURING
FEASTERVILLE, PA 19053

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312111 - Soft Drink Manufacturing

Loan Approval Date

8/14/2002

Loan Approval Gross Amount

$1,252,000

Loan Approval from the SBA

Of the total $1,252,000 loan amount, the SBA guaranteed $939,000.

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 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Pnc Bank, National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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