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May 2, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Shoney's Loan | ||||
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Business Loans for Louisville Entrepreneurs
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Borrow Money to Buy a Shoney's Restaurant FranchiseNeed money to purchase a Shoney's Restaurant franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Louisville, Kentucky needed money to invest in a Shoney's Restaurant franchise back in 2003. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Kentucky small business loan. SBA Loan Borrower SHONEY'S SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/19/2003 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Shoney's Restaurant franchise. At the time of the loan, the company had 196 employees. The SBA loan documents indicated that the loan would help retain 196 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding. 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: Obtaining Funding From a Venture Capitalist SBA Banks in Pittsburgh, Pennsylvania
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