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May 17, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > Welding And Soldering Equipment Manufacturing Loan | ||||
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Philadelphia Lenders
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Philadelphia, Pennsylvania Lender Lends Money to Welding And Soldering Equipment Manufacturing CompanyGet small business loans from a Philadelphia, Pennsylvania bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Pnc Bank, National Association is a Philadelphia, Pennsylvania small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Ohio company. SBA Loan Borrower COMPANY TYPE: WELDING AND SOLDERING EQUIPMENT MANUFACTURING SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 333992 - Welding and Soldering Equipment Manufacturing Loan Approval Date 2/5/2008 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pnc Bank, National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pnc Bank, National Association made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Decide How Much to Raise Banks in Philadelphia, Pennsylvania
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