West Chester, PA Entrepreneur Gets SBA Loan to Buy Shred-It Franchise

Borrowing money to purchase a Shred-It franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Shred-It franchise? If so, here's a 2002 SBA franchise loan that you should know about. Pnc Bank, National Association was the lender and the entrepreneur was based in West Chester, Pennsylvania.

SBA Loan Borrower

METRO AREA SHRED-IT
WEST CHESTER, PA 19382

SBA Loan Lender

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

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561990 - Support Services

Loan Approval Date

12/2/2002

Loan Approval Gross Amount

$15,200

Loan Approval from the SBA

Of the total $15,200 loan amount, the SBA guaranteed $7,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Shred-It franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pnc Bank, National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Shred-It

SBIR Funding

Small Bank Loans in Pittsburgh, Pennsylvania

Browse All Business Loan Sources for Pennsylvania