Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Maryland Bank SBA Loans

 

 
Loan Census SBA Loan Info

Leonardtown, Maryland Lender Lends Money to Offices And Clinics Of Dentists Company

Thinking about meeting with a Leonardtown, Maryland bank about a small business loan? Here's one Maryland business loan, issued by a Leonardtown 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 firm in Leonardtown, Maryland. They received an SBA loan for $112,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
LEONARDTOWN, MD 20650

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
41615 PARK AVE
LEONARDTOWN, MD 20650

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8021 - Offices and Clinics of Dentists

NAICS Code

621210 - Dentists

Loan Approval Date

2/3/2000

Loan Approval Gross Amount

$112,000

Loan Approval from the SBA

Of the total $112,000 loan amount, the SBA guaranteed $84,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours 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:

Understanding Dilution

Who Lends Money to Small Businesses in Leonardtown, Maryland

Maryland SBA Banks