SBA Loan from Pnc Bank, National Association Helps Nonscheduled Air Transportation Company

An SBA loan from Pnc Bank, National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lyndhurst (township Of), New Jersey business owner got a $250,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lyndhurst (township Of), New Jersey was able to borrow $250,000 from Pnc Bank, National Association. The SBA made the loan possible by guaranteeing $125,000 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: NONSCHEDULED AIR TRANSPORTATION
LYNDHURST (TOWNSHIP OF), NJ 07071

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

481219 - Nonscheduled Air Transportation

Loan Approval Date

4/21/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 30 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 30 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Lyndhurst (township Of) NJ, you ought to talk with a local Lyndhurst (township Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lyndhurst (township Of) businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pnc Bank, National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pnc Bank, National Association 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.

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