Borrowing Money for Business Service Centers

With these bank loans for business service centers, the SBA guarantees the lender that the loan will be repaid. This business service centers loan for $794,500 was given to a Delaware entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newark, Delaware was able to borrow $794,500 from Pnc Bank, National Association. The SBA made the loan possible by guaranteeing $595,875 of this Delaware small business loan.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICE CENTERS
NEWARK, DE 19711

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561439 - Business Service Centers

Loan Approval Date

8/1/2006

Loan Approval Gross Amount

$794,500

Loan Approval from the SBA

Of the total $794,500 loan amount, the SBA guaranteed $595,875.

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 200 employees. The loan application indicated that the loan would help generate 230 new jobs and retain 430 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $794,500. How would you spend $794,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Equity Financing

Small Business Banks in Pittsburgh, Pennsylvania

Where to Get an SBA Loan Pennsylvania