Motor Vehicle Towing Commercial Loans

Looking for commercial loans for motor vehicle towing? An SBA loan may be just what you've been looking for. This $220,000 motor vehicle towing loan was issued by a Maryland bank.

This business knew how to go about getting a business bank loan. Based in Odenton, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Pnc Bank, National Association, based in Laurel, Maryland.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
ODENTON, MD 21113

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
517 MAIN ST
LAUREL, MD 20707

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

10/30/2001

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Odenton MD, you ought to talk with a local Odenton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Odenton businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pnc Bank, National Association and they will explain how you can get an SBA loan for your company.

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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