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May 12, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Vienna, Business Loans > Pnc Bank, National Association Vienna Business Loans > Engineering Services Loan | ||||
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Pnc Bank, National Association SBA Loans Manassas, Virginia
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Manassas, Virginia Business Gets SBA-Guaranteed Funding from Pnc Bank, National AssociationAn SBA loan from Pnc Bank, National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Manassas, Virginia business owner got a $75,000 loan. This small firm 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 Vienna, Virginia. The loan was granted and they received $75,000 to help grow their Manassas, Virginia business. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8711 - Engineering Services NAICS Code 541330 - Engineering Services Loan Approval Date 5/30/2000 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are raising money in Manassas VA, you ought to talk with a local Manassas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Manassas businesses. If you need to find money for a business, 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: Family and Friend Investors - Your First Financiers Find an SBA Lender in Vienna, Virginia
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