Pittsburgh, PA Entrepreneur Gets SBA Loan to Buy Ace Hardware Franchise

Need a loan to buy an Ace Hardware franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Pittsburgh, Pennsylvania needed money to invest in an Ace Hardware franchise back in 2007. Ncb, Fsb issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

MILLERS ACE HARDWARE
PITTSBURGH, PA 15241

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

11/30/2007

Loan Approval Gross Amount

$1,950,000

Loan Approval from the SBA

Of the total $1,950,000 loan amount, the SBA guaranteed $1,462,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company had 60 employees. The SBA loan documents indicated that the loan would help generate 60 new jobs and retain 60 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Ncb, Fsb so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

ACE Hardware

Advice on Getting a Small Business Loan

SBA 7A Banks for Hillsboro, Ohio Loans

Getting a Business Loan in Ohio