Loan to Buy Salad Works Franchise Issued By Pnc Bank, National Association

Need money to invest in a Salad Works franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Salad Works franchise loans are available to North Wales, Pennsylvania 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 a Salad Works franchise in 2003. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

SALADWORKS
NORTH WALES, PA 19454

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/9/2003

Loan Approval Gross Amount

$687,000

Loan Approval from the SBA

Of the total $687,000 loan amount, the SBA guaranteed $515,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Salad Works franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 38 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in North Wales PA, you ought to talk with a local North Wales SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Wales businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Pnc Bank, National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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