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February 1, 2023  
 
 
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Loan Census SBA Loan Info

Arlington, VA Entrepreneur Gets SBA Loan to Buy Einstien Bros Bagels Franchise

Need money to purchase an Einstien Bros Bagels franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Einstien Bros Bagels franchise loans are available to Arlington, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pnc Bank, National Association, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for an Einstien Bros Bagels franchise in 2006. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

EINSTEIN BROS BAGELS
ARLINGTON, VA 22201

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

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

722211 - Limited-Service Restaurants

Loan Approval Date

6/28/2006

Loan Approval Gross Amount

$490,000

Loan Approval from the SBA

Of the total $490,000 loan amount, the SBA guaranteed $367,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Einstien Bros Bagels franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 40 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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:

The Friends and Family Network

Best Banks for Small Business in Pittsburgh, Pennsylvania

SBA Lenders in Pennsylvania