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May 29, 2023  
 
 
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How to Get SBA Loans in King Of Prussia, Pennsylvania

 

 
Loan Census SBA Loan Info

King Of Prussia, PA Entrepreneur Gets SBA Loan to Buy Carvel Ice Cream Franchise

Borrowing money to purchase a Carvel Ice Cream franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Carvel Ice Cream franchise is doable. In 2004, Pnc Bank, National Association issued an SBA franchise loan to an entrepreneur in King Of Prussia, Pennsylvania. Because Carvel Ice Cream was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

CARVEL ICE CREAM
KING OF PRUSSIA, PA 19406

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

11/8/2004

Loan Approval Gross Amount

$689,000

Loan Approval from the SBA

Of the total $689,000 loan amount, the SBA guaranteed $472,378.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream 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 20 new jobs and retain 20 existing jobs.

Next Steps for Getting an SBA Loan

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

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.

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