Pittsburgh, Pennsylvania Bank Gives SBA Loan to Legal Services Company
Get to know Pittsburgh, Pennsylvania banks that specialize in SBA loans and know how to work with entrepreneurs. National City Bank is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Midway, Pennsylvania starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from National City Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: LEGAL SERVICES
MIDWAY, PA 15060
SBA Loan Lender
NATIONAL CITY BANK
20 STANWIX ST, NATIONAL CITY
PITTSBURGH, PA 15122
This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
8111 - Legal Services
541110 - Lawyers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $106,000 loan amount, the SBA guaranteed $90,100.
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 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.
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SBA loans provide smart, affordable business financing for small businesses looking to expand.
We can help you find the best banks for small businesses in Midway or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
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