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May 14, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Educational Support Services Loan | ||||
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Newport SBA Loans
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Growing Company Gets a Kentucky Small Business LoanKentuckyBank loans are available to Kentucky firms through the SBA. In this case, a Pennsylvania bank provides the loan. You can learn something about getting a small business loan in Newport, Kentucky by studying this loan to a local company, made back in 2004. Banks like Pnc Bank, National Association may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: EDUCATIONAL SUPPORT SERVICES SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 611710 - Educational Support Services Loan Approval Date 8/2/2004 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $30,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 6 existing jobs. Getting an SBA Loan For Your Business If you are raising money in Newport KY, you ought to talk with a local Newport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Newport businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pnc Bank, National Association and they will explain how you can get an SBA loan for your company. 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: Banks in Pittsburgh, Pennsylvania
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