Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

Business Loans for Montgomeryville Businesses

 

 
Loan Census SBA Loan Info

Montgomeryville, PA Entrepreneur Gets SBA Loan to Buy Maaco Auto Painting Center Franchise

Need a loan to invest in a Maaco Auto Painting Center franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

If you live near Montgomeryville, Pennsylvania and are interested in buying a Maaco Auto Painting Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Pnc Bank, National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

KP DICKSON INVESTMENTS, L.P. (EPC) AND DAL
MONTGOMERYVILLE, PA 18936

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811112 - Automotive Exhaust System Repair

Loan Approval Date

7/25/2007

Loan Approval Gross Amount

$1,402,500

Loan Approval from the SBA

Of the total $1,402,500 loan amount, the SBA guaranteed $1,051,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Maaco Auto Painting Center franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pnc Bank, National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

MAACO Enterprises, Inc.

Raising Venture Capital

Best Banks in Philadelphia, Pennsylvania

Pennsylvania SBA 7A Lenders