Pnc Bank, National Association Gives Business Loan to Beauty Salons Company
SBA loans in Virginia are hard to find these days. We take a look at one Virginia SBA loan, provided by a Pennsylvania bank, that was approved by the SBA.
You can learn something about getting a small business loan in Fredericksburg, Virginia by studying this loan to a local business, made back in 2007. Banks like Pnc Bank, National Association may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SALONS
FREDERICKSBURG, VA 22401
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153
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.
NAICS Code
812112 - Beauty Salons
Loan Approval Date
3/26/2007
Loan Approval Gross Amount
$569,500
Loan Approval from the SBA
Of the total $569,500 loan amount, the SBA guaranteed $427,125.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
Related Links:
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Find an SBA Lender in Philadelphia, Pennsylvania
SBA Pennsylvania Lenders