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April 26, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > Pmd Cartridge, LLC Dba Cartridge World Loan | ||||
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Best Banks for Franchise Loans in Alabama
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Loan to Buy Cartridge World Stores Franchise Issued By Pnc Bank, National AssociationNeed a loan to buy a Cartridge World Stores franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Huntsville, Alabama needed money to invest in a Cartridge World Stores franchise back in 2007. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Alabama small business loan. SBA Loan Borrower PMD CARTRIDGE, LLC DBA CARTRIDGE WORLD SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION 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 561499 - Business Support Services Loan Approval Date 5/3/2007 Loan Approval Gross Amount $169,000 Loan Approval from the SBA Of the total $169,000 loan amount, the SBA guaranteed $126,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cartridge World Stores franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Pnc Bank, National Association 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: SBA Participating Banks in Philadelphia, Pennsylvania
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