Tour Operators Commercial Loans

With these commercial loans for tour operators, the SBA guarantees the lender that the loan will be repaid. This tour operators loan for $150,000 was given to a Maryland entrepreneur in 2001.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Pnc Bank, National Association, out of Vienna, Virginia. The loan was granted and they received $150,000 to help grow their Upper Marlboro, Maryland business.

SBA Loan Borrower

COMPANY TYPE: TOUR OPERATORS
UPPER MARLBORO, MD 20774

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8150 LEESBURG PIKE, STE 320
VIENNA, VA 22182

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4725 - Tour Operators

NAICS Code

561520 - Tour Operators

Loan Approval Date

12/6/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 3 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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