Philadelphia, Pennsylvania Bank Lends Money to Personal Care Services Company in Williamsburg, Virginia
Thinking about meeting with a Philadelphia, Pennsylvania bank about a business loan? Here's one Virginia business loan, issued by a Philadelphia 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 Williamsburg, Virginia. They got an SBA loan for $580,000. Nice!
SBA Loan Borrower
COMPANY TYPE: PERSONAL CARE SERVICES
WILLIAMSBURG, VA 23188
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812199 - Personal Care Services
Loan Approval Date
3/20/2007
Loan Approval Gross Amount
$580,000
Loan Approval from the SBA
Of the total $580,000 loan amount, the SBA guaranteed $435,000.
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 36 employees. The SBA loan application for the borrower indicated that the loan would help retain 36 existing jobs.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
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.
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