Loan Census Banking News and Information
May 4, 2024  
 
 
  Business Loan Information  
 

Good Sources for Sterling SBA Loans

 

 
Loan Census SBA Loan Info

Pnc Bank, National Association Provides SBA Loan to Buy Cosi Franchise

Borrowing money to invest in a Cosi franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Sterling, Virginia needed money to invest in a Cosi franchise back in 2007. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Virginia small business loan.

SBA Loan Borrower

TRW MANAGEMENT GROUP, LLC
STERLING, VA 20166

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

722310 - Food Service Contractors

Loan Approval Date

2/21/2007

Loan Approval Gross Amount

$173,000

Loan Approval from the SBA

Of the total $173,000 loan amount, the SBA guaranteed $129,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cosi franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 25 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Sterling VA, you ought to talk with a local Sterling SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sterling businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Cosi, Inc.

SBIR Funding

SBA Approved Banks in Philadelphia, Pennsylvania

Pennsylvania SBA 7A Banks