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December 21, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Automotive Repair And Maintenance Loan | ||||
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Banks for Businesses in Maryland
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Company Gets a Maryland Bank LoanMarylandSBA loans are available to Maryland entrepreneurs through the SBA. In this case, a Pennsylvania bank provides the loan. By giving the right information to Pnc Bank, National Association, this Glen Burnie, Maryland business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 3/17/2005 Loan Approval Gross Amount $306,400 Loan Approval from the SBA Of the total $306,400 loan amount, the SBA guaranteed $229,800. 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 14 employees. The SBA loan documents indicated that the loan would help generate 13 new jobs and retain 14 existing jobs. Getting an SBA Loan For Your Business If you need business start up money in Glen Burnie MD, you ought to talk with a local Glen Burnie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glen Burnie 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: SBA Banks in Pittsburgh, Pennsylvania
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