Pnc Bank, National Association Provides SBA Loan to Buy Worldwide Express Franchise

Borrowing money to invest in a Worldwide Express franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Worldwide Express franchise requires some effort but others before you have been successful. In 2006, Pnc Bank, National Association issued an SBA franchise loan to an entrepreneur in Wayne, Pennsylvania. Because Worldwide Express was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

WORLDWIDE EXPRESS
WAYNE, PA 19087

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

492110 - Couriers and Express Delivery Services

Loan Approval Date

2/28/2006

Loan Approval Gross Amount

$995,000

Loan Approval from the SBA

Of the total $995,000 loan amount, the SBA guaranteed $746,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Worldwide Express franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 14 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Pnc Bank, National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Worldwide Express

Determining Proper Capital Structure for a Business

SBA Approved Banks in Pittsburgh, Pennsylvania

Getting a Business Loan in Pennsylvania