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May 2, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Daily Grind Loan | ||||
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Business Loans for Gainesville Business Owners
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Pnc Bank, National Association Provides SBA Loan to Buy Daily Grind FranchiseNeed a loan to invest in a Daily Grind franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Gainesville, Virginia needed money to invest in a Daily Grind franchise back in 2006. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower DAILY GRIND SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 5/15/2006 Loan Approval Gross Amount $243,000 Loan Approval from the SBA Of the total $243,000 loan amount, the SBA guaranteed $182,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Daily Grind franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 4 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Daily Grind Coffee House and Café Dealing With Venture Capitalists Banks in Pittsburgh, Pennsylvania
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