 |
 |
December 25, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Aircraft Parts And Auxiliary Equipment Manufacturing Loan | ||||
 |
||||
Tips for Small Business Owners On Getting a Loan
|
||||
 |
Aircraft Parts and Auxiliary Equipment Manufacturing Commercial LoansLooking for commercial loans for aircraft parts and auxiliary equipment manufacturing? Talk to a banker who works with the SBA. This $100,000 aircraft parts and auxiliary equipment manufacturing loan was issued by a Pennsylvania bank. This business knew how to go about getting a business bank loan. Based in Paramus, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Pnc Bank, National Association, based in Pittsburgh, Pennsylvania. SBA Loan Borrower COMPANY TYPE: AIRCRAFT PARTS AND AUXILIARY EQUIPMENT MANUFACTURING SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 336413 - Aircraft Parts and Auxiliary Equipment Manufacturing Loan Approval Date 5/29/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Raising VC Money for Social Networking Companies SBA 7A Banks for Pittsburgh, Pennsylvania Loans
|
|
||
|
||||
|
|
||||