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April 27, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > General Automotive Repair Loan | ||||
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Best Banks for Cincinnati Small Businesses
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Where to Get Capital for General Automotive RepairWith these small business loans for general automotive repair, the SBA guarantees the lender that the loan will be repaid. This general automotive repair loan for $13,200 was given to an Ohio entrepreneur in 2008. This small firm knew how to go about getting a business bank loan. Based in Cincinnati, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Pnc Bank, National Association, based in Philadelphia, Pennsylvania. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This lender processed this SBA 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 811111 - General Automotive Repair Loan Approval Date 1/9/2008 Loan Approval Gross Amount $13,200 Loan Approval from the SBA Of the total $13,200 loan amount, the SBA guaranteed $6,600. 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 application for the borrower indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pnc Bank, National Association are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Approved Banks in Philadelphia, Pennsylvania
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