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May 17, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > Commercial And Institutional Building Construction Loan | ||||
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How to Get SBA Loans in District Heights, Maryland
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Financing for Commercial and Institutional Building ConstructionLooking for loans for commercial and institutional building construction? Try the SBA. This $200,000 commercial and institutional building construction loan was issued by a Pennsylvania bank. This small firm knew how to go about getting a business bank loan. Based in District Heights, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Pnc Bank, National Association, based in Philadelphia, Pennsylvania. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION 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 236220 - Commercial and Institutional Building Construction Loan Approval Date 9/22/2006 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 40 employees. This SBA loan request indicated that the loan would help retain 40 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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. Related Links: How Much Venture Capital Is There? Best Philadelphia, Pennsylvania Banks for Small Business
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