Commercial Loans for General Freight Trucking, Local
Looking for commercial loans for general freight trucking, local? Try the SBA. This $46,420 general freight trucking, local loan was issued by a Pennsylvania bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Normaville, Pennsylvania was able to borrow $46,420 from National City Bank. The SBA made the loan possible by guaranteeing $39,457 of this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
NORMAVILLE, PA 15469
SBA Loan Lender
NATIONAL CITY BANK
20 STANWIX ST, NATIONAL CITY
PITTSBURGH, PA 15222
This lender issued this particular commercial 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.
4212 - Local Trucking Without Storage
484110 - General Freight Trucking, Local
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $46,420 loan amount, the SBA guaranteed $39,457.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents did not indicate that the company planned 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 Normaville PA, you ought to talk with a local Normaville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Normaville businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National City Bank 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.
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