Lexington, KY Entrepreneur Gets SBA Loan to Buy Great Steak And Potato Company the Franchise

Need money to buy a Great Steak And Potato Company the franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lexington, Kentucky needed money to invest in a Great Steak And Potato Company the franchise back in 2005. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

GREAT STEAK & POTATO
LEXINGTON, KY 40503

SBA Loan Lender

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

This lender provides SBA bank loans 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

722110 - Full-Service Restaurants

Loan Approval Date

9/8/2005

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Great Steak And Potato Company the franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 16 new jobs and retain 21 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Lexington KY, you ought to talk with a local Lexington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lexington businesses.

This SBA loan was for $450,000. How would you spend $450,000 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.

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