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November 21, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Matco Tools Dist,Inc.Dba Matco Loan | ||||
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Business Loans for Onondaga (onondaga Hill) Small Business Owners
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New York Entrepreneur Secures Financing to Buy Matco Tools rent Tools FranchiseNeed a loan to purchase a Matco Tools rent Tools franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA. Matco Tools rent Tools franchise loans are available to Onondaga (onondaga Hill), New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pnc Bank, National Association, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for a Matco Tools rent Tools franchise in 2005. We've got all the details on this New York small business loan. SBA Loan Borrower MATCO TOOLS DIST,INC.DBA MATCO SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 10/21/2005 Loan Approval Gross Amount $111,900 Loan Approval from the SBA Of the total $111,900 loan amount, the SBA guaranteed $95,115. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Matco Tools rent Tools franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in Onondaga (onondaga Hill) NY, you ought to talk with a local Onondaga (onondaga Hill) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Onondaga (onondaga Hill) businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: The Friends and Family Network Best Banks for Small Business in Pittsburgh, Pennsylvania
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