Pennsylvania Entrepreneur Secures Financing to Buy Management Recruiters Franchise

Borrowing money to purchase a Management Recruiters franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Management Recruiters franchise loans are available to Lower Burrell, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for a Management Recruiters franchise in 2000. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MANAGEMENT RECRUITERS OF PITTS
LOWER BURRELL, PA 15068

SBA Loan Lender

NATIONAL CITY BANK
20 STANWIX ST, NATIONAL CITY
PITTSBURGH, PA 15222

This lender issued this particular 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

7361 - Employment Agencies

Loan Approval Date

9/29/2000

Loan Approval Gross Amount

$81,000

Loan Approval from the SBA

Of the total $81,000 loan amount, the SBA guaranteed $64,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Management Recruiters franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National City Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National City Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Management Recruiters International, Inc.

Small Business Credit Cards

Small Bank Loans in Pittsburgh, Pennsylvania

SBA Participating Banks in Pennsylvania