Pnc Bank, National Association SBA Loan to Painting And Wall Covering 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.

Getting a small business loan in Laurel, Maryland was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Pnc Bank, National Association, operating out of Laurel, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND WALL COVERING
LAUREL, MD 20723

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
517 MAIN ST
LAUREL, MD 20707

This was a Low Documentation SBA loan. The SBA launched 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. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235210 - Painting and Wall Covering

Loan Approval Date

8/13/2001

Loan Approval Gross Amount

$33,700

Loan Approval from the SBA

Of the total $33,700 loan amount, the SBA guaranteed $28,645.

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 9 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Pnc Bank, National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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