National Penn Bank Provides SBA Loan to Buy Soccer Post Franchise

Need a loan to purchase a Soccer Post franchise? National Penn Bank has a history of making these loans and they are guaranteed by the SBA.

Soccer Post franchise loans are available to Pottstown, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National Penn Bank, based in Boyertown, Pennsylvania, issued an SBA franchise loan for a Soccer Post franchise in 2003. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

THE SOCCER POST
POTTSTOWN, PA 19465

SBA Loan Lender

NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

10/22/2003

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Soccer Post franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Borrowing Money from Friends and Family

Small Bank Loans in Boyertown, Pennsylvania

SBA Lenders in Pennsylvania