Loan to Buy Philly Soft Pretzel Factory Franchise Issued By Rbs Citizens

Borrowing money to buy a Philly Soft Pretzel Factory franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Philly Soft Pretzel Factory franchise may simply require a phone call to a local SBA banker. In 2007, Rbs Citizens issued an SBA franchise loan to an entrepreneur in Philadelphia, Pennsylvania. Because Philly Soft Pretzel Factory was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

SANSOM STREET PRETZELS, INC.
PHILADELPHIA, PA 19102

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This bank 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

722310 - Food Service Contractors

Loan Approval Date

6/27/2007

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Philly Soft Pretzel Factory franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 16 new jobs and retain 20 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbs Citizens and they will explain how you can get an SBA loan for your company.

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:

Philly Soft Pretzel Factory

Accountant's Role in Securing Financing

Best Banks for Small Business in Providence, Rhode Island

Rhode Island SBA 7A Banks