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May 17, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > Sporting And Recreational Goods And Supplies Merchant Wholesalers Loan | ||||
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Who Can Get a Business Loan in Falls Church, Virginia?
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SBA Loans for Sporting and Recreational Goods and Supplies Merchant WholesalersLooking for SBA loans for sporting and recreational goods and supplies merchant wholesalers? Try the SBA. This $40,000 sporting and recreational goods and supplies merchant wholesalers loan was issued by a Pennsylvania bank. This small business knew how to go about getting a business bank loan. Based in Falls Church, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Pnc Bank, National Association, based in Philadelphia, Pennsylvania. SBA Loan Borrower COMPANY TYPE: SPORTING AND RECREATIONAL GOODS AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 423910 - Sporting and Recreational Goods and Supplies Merchant Wholesalers Loan Approval Date 11/24/2006 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Philadelphia, Pennsylvania Banks for Small Business Getting an SBA Loan in Pennsylvania
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