Entrepreneur Works With Salisbury, Maryland Bank to Get an SBA Loan

Thinking about meeting with a Salisbury, Maryland bank about a small business loan? Here's one Maryland business loan, issued by a Salisbury 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 company in Salisbury, Maryland. They received an SBA loan for $106,400. Great job!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SALISBURY, MD 21801

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
1810 N SALISBURY
SALISBURY, MD 21801

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

1/26/2000

Loan Approval Gross Amount

$106,400

Loan Approval from the SBA

Of the total $106,400 loan amount, the SBA guaranteed $79,800.

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 5 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $106,400. How would you spend $106,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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