Philadelphia, Pennsylvania Lender Lends Money to Electrical Contractors And Wiring Installation Contractors Company

Thinking about meeting with a Philadelphia, Pennsylvania bank about a business loan? Here's one Pennsylvania business loan, issued by a Philadelphia bank, that was approved by the SBA.

Applying for an SBA loan with Pnc Bank, National Association worked out well for our friends at one local business in Pittsburgh, Pennsylvania. They got an SBA loan for $100,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS
PITTSBURGH, PA 15201

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

238210 - Electrical Contractors and Wiring Installation Contractors

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 30 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 30 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Pittsburgh PA, you ought to talk with a local Pittsburgh SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pittsburgh businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, feel the fear, and do it anyway.

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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