Motor Vehicle Supplies and New Parts Merchant Wholesalers Small Business Loans

With these small business loans for motor vehicle supplies and new parts merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This motor vehicle supplies and new parts merchant wholesalers loan for $116,600 was given to a Pennsylvania entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mcdonald, Pennsylvania was able to borrow $116,600 from National City Bank. The SBA made the loan possible by guaranteeing $58,300 of this Pennsylvania small business loan.

SBA Loan Borrower

SMALL BUSINESS LOAN RECIPIENT
McDonald, PA 15057

SBA Loan Lender

NATIONAL CITY BANK
20 STANWIX ST, NATIONAL CITY
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

423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers

Loan Approval Date

3/7/2006

Loan Approval Gross Amount

$116,600

Loan Approval from the SBA

Of the total $116,600 loan amount, the SBA guaranteed $58,300.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - How to Decide How Much to Raise

Banks in Pittsburgh, Pennsylvania

Getting an SBA Loan in Pennsylvania