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December 25, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Manufacturing Loan | ||||
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How Do We Get a Business Loan in Pennington, New Jersey?
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How to Get a Loan for ManufacturingWith these SBA loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $75,000 was given to a New Jersey entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pennington, New Jersey was able to borrow $75,000 from Pnc Bank, National Association. The SBA made the loan possible by guaranteeing $37,500 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This lender processed this small business loan 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 339999 - Manufacturing Loan Approval Date 6/29/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Microlending as a Small Business Funding Source Best Banks for Small Business in Pittsburgh, Pennsylvania SBA Participating Banks in Pennsylvania
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