Federalsburg, Maryland Business Gets SBA-Guaranteed Funding from Pnc Bank, National Association

Pnc Bank, National Association and the SBA work together to get business loans for growing small businesses. Here's an example of how a Maryland entrepreneur was able to get a loan to take a small business to the next level.

This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Pnc Bank, National Association, out of Easton, Maryland. The loan was granted and they received $88,100 to help grow their Federalsburg, Maryland business.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
FEDERALSBURG, MD 21632

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8223 ELLIOTT RD
EASTON, MD 21601

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

3/20/2003

Loan Approval Gross Amount

$88,100

Loan Approval from the SBA

Of the total $88,100 loan amount, the SBA guaranteed $74,885.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pnc Bank, National Association and they will explain how you can get an SBA loan for your company.

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:

Business Incubators

SBA Participating Banks in Easton, Maryland

SBA Lenders in Maryland