Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Pnc Bank, National Association

 

 
Loan Census SBA Loan Info

Pnc Bank, National Association SBA Loan to Travel Agencies Company

An SBA loan from Pnc Bank, National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Smyrna, Georgia business owner got a $1,094,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Smyrna, Georgia was able to borrow $1,094,000 from Pnc Bank, National Association. The SBA made the loan possible by guaranteeing $820,500 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: TRAVEL AGENCIES
SMYRNA, GA 30080

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561510 - Travel Agencies

Loan Approval Date

4/27/2006

Loan Approval Gross Amount

$1,094,000

Loan Approval from the SBA

Of the total $1,094,000 loan amount, the SBA guaranteed $820,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Pittsburgh, Pennsylvania

Pennsylvania SBA Banks