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May 13, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Sterling, Business Loans > Pnc Bank, National Association Sterling Business Loans > Transit And Ground Passenger Transportation Loan | ||||
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Sterling Lenders
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Entrepreneur Works With Sterling, Virginia Bank to Get an SBA LoanWant to talk with a Sterling, Virginia bank about an SBA loan? Here's one Virginia business loan, issued by a Sterling bank, that was approved by the SBA. Applying for an SBA loan with Pnc Bank, National Association worked out well for our friends at one local firm in Round Hill, Virginia. They received an SBA loan for $75,000. Awesome! SBA Loan Borrower COMPANY TYPE: TRANSIT AND GROUND PASSENGER TRANSPORTATION SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485999 - Transit and Ground Passenger Transportation Loan Approval Date 3/9/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. 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 generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 - Getting Venture Capital SBA 7A Banks for Sterling, Virginia Loans
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