How to Get a Loan for Retail Bakeries

With these commercial loans for retail bakeries, the SBA guarantees the lender that the loan will be repaid. This retail bakeries loan for $1,625,000 was given to a Florida entrepreneur in 2006.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Pnc Bank, National Association, out of Pittsburgh, Pennsylvania. The loan was granted and they received $1,625,000 to help grow their Largo, Florida business.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
LARGO, FL 33771

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

311811 - Retail Bakeries

Loan Approval Date

8/14/2006

Loan Approval Gross Amount

$1,625,000

Loan Approval from the SBA

Of the total $1,625,000 loan amount, the SBA guaranteed $1,218,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 24 employees. The SBA loan documents indicated that the loan would help generate 32 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,625,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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