Pittsburgh, Pennsylvania Lender Lends Money to Support Activities For Animal Production Company
Thinking about meeting with a Pittsburgh, Pennsylvania bank about an SBA loan? Here's one Kentucky business loan, issued by a Pittsburgh bank, that was approved by the SBA.
Applying for an SBA loan with Pnc Bank, National Association worked out well for our friends at one local company in Lancaster, Kentucky. The business was able to get an SBA loan for $30,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: SUPPORT ACTIVITIES FOR ANIMAL PRODUCTION
LANCASTER, KY 40339
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
115210 - Support Activities for Animal Production
Loan Approval Date
1/8/2002
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $15,000.
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 25 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 25 existing jobs.
Next Steps for Getting an SBA Loan
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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 Line of Credit
Good Banks for Small Business in Pittsburgh, Pennsylvania
SBA Participating Banks in Pennsylvania