Austin, Texas Business Gets SBA-Guaranteed Funding from Pnc Bank, National Association

Pnc Bank, National Association is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Austin, Texas was an essential business goal for Apple Moving Inc And Jonathan Minor, Joint back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Pnc Bank, National Association, operating out of Philadelphia, Pennsylvania. Here are the details on this Texas small business loan.

SBA Loan Borrower

Apple Moving Inc and Jonathan Minor, joint
9807 Bown Lane
AUSTIN, TX 78754

SBA Loan Lender

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

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

484210 - Used Household and Office Goods Moving

Loan Approval Date

10/17/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower, Apple Moving Inc And Jonathan Minor, Joint, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 24 employees. The SBA loan application for the borrower indicated that the loan would help generate 53 new jobs and retain 53 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to Apple Moving Inc And Jonathan Minor, Joint 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 SBA loan database.

Related Links:

Microlending as a Small Business Funding Source

Best Philadelphia, Pennsylvania Banks for Small Business

SBA Lenders in Pennsylvania

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