Business Loan from Pnc Bank, National Association Given to Wood Products Company

Pnc Bank, National Association has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Pnc Bank, National Association, out of Frederick, Maryland. The loan was granted and they received $70,000 to help grow their Gaithersburg, Maryland business.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCTS
GAITHERSBURG, MD 30882

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
110 THOMAS JOHNSON DR
FREDERICK, MD 21702

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2499 - Wood Products

Loan Approval Date

6/7/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

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 8 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Gaithersburg MD, you ought to talk with a local Gaithersburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gaithersburg businesses.

While you may be able to borrow money from friends and family, 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:

Alternative Financing

SBA 7A Banks in Frederick, Maryland

SBA Lenders in Maryland