 |
 |
May 18, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Ohio Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > Telephone And Telegraph Apparatus Loan | ||||
 |
||||
Pnc Bank, National Association SBA Loans
|
||||
 |
Printed Circuit Assembly Manufacturing Commercial LoansWith these commercial loans for printed circuit assembly manufacturing, the SBA guarantees the lender that the loan will be repaid. This printed circuit assembly manufacturing loan for $140,000 was given to an Ohio entrepreneur in 2000. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Pnc Bank, National Association, out of Philadelphia, Pennsylvania. The loan was granted and they received $140,000 to help grow their West Chester, Ohio business. SBA Loan Borrower COMPANY TYPE: TELEPHONE AND TELEGRAPH APPARATUS SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION 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 3661 - Telephone and Telegraph Apparatus NAICS Code 334418 - Printed Circuit Assembly Manufacturing Loan Approval Date 11/14/2000 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $105,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks for Small Business in Philadelphia, Pennsylvania
|
|
||
|
||||
|
|
||||