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May 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Laurel, Business Loans > Pnc Bank, National Association Laurel Business Loans > Child Day Care Services Loan | ||||
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Pnc Bank, National Association
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Jessup, Maryland Business Gets SBA-Guaranteed Funding from Pnc Bank, National AssociationPnc Bank, National Association has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jessup, Maryland was able to borrow $120,000 from Pnc Bank, National Association. The SBA made the loan possible by guaranteeing $102,000 of this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 4/1/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 40 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. 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. We can help you find the best banks for small businesses in Jessup or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Participating Banks in Laurel, Maryland Getting a Business Loan in Maryland
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