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Do all SBA lenders offer the same SBA loan options? 

How do I know which SBA program is right for my business?

Does my businesses qualify for a SBA loan?

Are SBA loans only for startup or new businesses?

What can I use the loan proceeds for?

Do I need collateral?

What documentation will I need to provide?

How long of a maturity term can I get with an SBA loan?

Are there fees involved with SBA loans?

How do I apply?

How long will it take before I have my funds?


Still have questions?
See for yourself why PNC Bank is an SBA Preferred Lender and a national leader in SBA financing. Contact a PNC Business Banker or call us at 800-762-5684 between the hours of 7:00 a.m. to 10:00 p.m., ET, Monday through Friday and 8:00 a.m. to 5:00 p.m., ET, Saturday and Sunday, to discover how this product could work for your business.




  
Do all SBA lenders offer the same SBA loan options?
No. Because SBA loans must still be first approved by the issuing bank, each financial institution issuing SBA loans can choose which programs they offer, as well as determine various lending criteria such as the maturity terms or the loan amounts they will offer. Look for an SBA lender with Preferred Lender status, like PNC Bank.

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How do I know which SBA loan program is right for my business?
We provide basic information about PNC Bank's SBA loan programs in this section of our website to get you started. Use our comparison chart to compare each program based on the reason you'll be borrowing. In addition, a PNC Business Development Officer will work closely with you to determine the best financing choice to fit your business circumstances.

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Does my businesses qualify for a SBA loan?
Many businesses today qualify to apply for an SBA loan. Your business must be a for-profit business; do business in the United States; have a sufficient amount of owner equity to invest in the business; and have already used other financial resources first, including personal assets.

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Are SBA loans only for startup or new businesses?
No. Many long-established businesses have obtained SBA financing to continue with their growth and expansion plans.

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What can I use the loan proceeds for?
SBA loans are can be obtained for a variety of business uses such as: buying commercial real estate, new construction, renovation of existing properties; starting, expanding or acquiring a business, buying fixed assets such as fixtures, machinery, and equipment; inventory; and working capital.

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Do I need to provide collateral?
Yes. All SBA Loans are secured by collateral, with specific collateral requirements depending on the loan program selected.

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What documentation will I need to provide when I apply for an SBA loan?
Documentation requirements to support your application will vary depending on how long your business has been operating, and the type of loan program you've chosen. Please review our SBA Financing Documentation Requirements for new or established businesses.

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How long of a maturity term can I get with an SBA loan?
Usually, SBA loans are obtained to provide longer-term small business financing. Actual loan maturities are established by PNC Bank based on the SBA's established maximums. Loan maturities are based on the business' ability to repay, the purpose of the loan, and the expected ongoing value of collateral or assets. Term loans may be repaid over a period of up to 10 years for non-real estate loans, and up to 20 years for real estate loans.

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Are there fees for borrowing through the SBA?
To cover the costs of the administering the SBA's loan programs and to provide funding for the SBA loan guarantee program, the SBA charges a guaranty fee for each loan approved. These fees range from 2.00% to 3.75% of the loan amount and are paid when the loan closes.

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How do I apply?
If you feel an SBA loan may be the financing option for your business, or you would like to find out more about SBA financing at PNC Bank, please visit one of our

2,500 PNC Bank branches

 near you, or call us at 800-762-5684 between the hours of 7:00 a.m. to 10:00 p.m., ET, Monday through Friday and 8:00 a.m. to 5:00 p.m., ET, Saturday and Sunday to speak to a Business Banking specialist.

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How long will the loan process take?
As a National Preferred Lender, a status the SBA granted PNC Bank for our experience and efficiency in processing SBA-guaranteed loans. Preferred Lender status generally means PNC can provide a quicker approval time. Processing times between application and loan closing vary by loan type and the completeness of the information provided to us with the application.

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