Pnc Bank, National Association Provides SBA Loan to Buy Cottman Transmission Franchise
Borrowing money to buy a Cottman Transmission franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Cottman Transmission franchise? If so, here's a 2003 SBA franchise loan that you should know about. Pnc Bank, National Association was the lender and the entrepreneur was based in Belleville, New Jersey.
SBA Loan Borrower
BELLEVILLE, NJ 07109
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222
This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
811113 - Automotive Transmission Repair
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $170,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Cottman Transmission franchise. At the time of the loan, the company
had 5 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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.
How Equity Dilution Works
Best Banks for Small Business in Pittsburgh, Pennsylvania
Getting a Business Loan in Pennsylvania