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April 28, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bradenton, Business Loans > Community Bank Of Manatee Bradenton Business Loans > Pinch A Penny Loan | ||||
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Tips for Getting a Franchise Loan
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Brandon, FL Entrepreneur Gets SBA Loan to Buy Pinch-A-Penny FranchiseBorrowing money to buy a Pinch-A-Penny franchise? Community Bank Of Manatee has a history of making these loans and they are guaranteed by the SBA. Pinch-A-Penny franchise loans are available to Brandon, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank Of Manatee, based in Bradenton, Florida, issued an SBA franchise loan for a Pinch-A-Penny franchise in 2007. We've got all the details on this Florida small business loan. SBA Loan Borrower PINCH A PENNY SBA Loan Lender COMMUNITY BANK OF MANATEE This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423910 - Sporting and Recreational Goods and Supplies Merchant Wholesalers Loan Approval Date 3/9/2007 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pinch-A-Penny franchise. At the time of the loan, the company had 21 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 24 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $300,000. How would you spend $300,000 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: Role of Business Plan When Raising Money SBA Banks in Bradenton, Florida Browse All Business Loan Sources for Florida
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