SBA Loan from Pnc Bank, National Association Helps Variety Stores Company

An SBA loan from Pnc Bank, National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Marshall, Virginia business owner got a $40,000 loan.

Getting a small business loan in Marshall, Virginia was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Pnc Bank, National Association, operating out of Marshall, Virginia. Here are the details on this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: VARIETY STORES
MARSHALL, VA 20115

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8372 W MAIN ST
MARSHALL, VA 20115

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5331 - Variety Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

8/21/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $30,000.

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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Marshall VA, you ought to talk with a local Marshall SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marshall businesses.

While you may be able to find other ways to get money to start a business, 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.

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