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May 3, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > N & D Pretzels, LLC Dba Philly Pretzel Fac Loan | ||||
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Pennsylvania Small Business Funding for Franchises
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Borrow Money to Buy a Philly Soft Pretzel Factory FranchiseNeed money to invest in a Philly Soft Pretzel Factory franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Collegeville, Pennsylvania needed money to invest in a Philly Soft Pretzel Factory franchise back in 2007. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower N & D PRETZELS, LLC DBA PHILLY PRETZEL FAC SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445291 - Baked Goods Stores Loan Approval Date 9/26/2007 Loan Approval Gross Amount $191,000 Loan Approval from the SBA Of the total $191,000 loan amount, the SBA guaranteed $143,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Philly Soft Pretzel Factory franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 7 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Banks in Philadelphia, Pennsylvania
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