Loan Census Banking News and Information
May 3, 2024  
 
 
  Business Loan Information  
 

I Need a Business Loan to Buy a Franchise in Fairfax, Virginia

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Piccomolo Italian Ice Cream Franchise

Need a loan to invest in a Piccomolo Italian Ice Cream franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fairfax, Virginia needed money to invest in a Piccomolo Italian Ice Cream franchise back in 2008. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Virginia small business loan.

SBA Loan Borrower

GELATOPIA, LLC DBA PICCOMOLO
FAIRFAX, VA 22033

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

2/6/2008

Loan Approval Gross Amount

$246,500

Loan Approval from the SBA

Of the total $246,500 loan amount, the SBA guaranteed $184,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Piccomolo Italian Ice Cream 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 5 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

We can help you find the best banks for small businesses in Fairfax or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Piccomolo Italian Ice Cream

Angel Investors

SBA 7A Banks for Philadelphia, Pennsylvania Loans

SBA Pennsylvania Banks