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December 18, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > Baked Goods Stores Loan | ||||
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Pennsylvania Bank SBA Loans
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Philadelphia, Pennsylvania Bank Lends Money to Baked Goods Stores Company in Philadelphia, PennsylvaniaWant to talk with a Philadelphia, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by a Philadelphia bank, that was approved by the SBA. Applying for an SBA loan with Pnc Bank, National Association worked out well for our friends at one local firm in Philadelphia, Pennsylvania. The business was able to get an SBA loan for $114,500. Way to go! SBA Loan Borrower COMPANY TYPE: BAKED GOODS STORES 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 445291 - Baked Goods Stores Loan Approval Date 11/5/2007 Loan Approval Gross Amount $114,500 Loan Approval from the SBA Of the total $114,500 loan amount, the SBA guaranteed $97,325. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: SBA Participating Banks in Philadelphia, Pennsylvania
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