Pittsburgh, PA Entrepreneur Gets SBA Loan to Buy Cookies By Design Franchise

Borrowing money to purchase a Cookies By Design franchise? Enterprise Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Pittsburgh, Pennsylvania needed money to invest in a Cookies By Design franchise back in 2005. Enterprise Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COOKIES BY DESIGN PITTSBURGH,I
PITTSBURGH, PA 15243

SBA Loan Lender

ENTERPRISE BANK
4091 MOUNT ROYAL BLVD
ALLISON PARK, PA 15101

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

8/19/2005

Loan Approval Gross Amount

$328,500

Loan Approval from the SBA

Of the total $328,500 loan amount, the SBA guaranteed $246,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cookies By Design franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $328,500. How would you spend $328,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Cookies by Design / Cookie Bouquet

The Friends and Family Network

SBA Approved Banks in Allison Park, Pennsylvania

Pennsylvania SBA Banks