Royal Palm Beach, FL Entrepreneur Gets SBA Loan to Buy Philly Connection Franchise

Need money to invest in a Philly Connection franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Philly Connection franchise shouldn't be overly burdensome. In 2004, Community W. Bank issued an SBA franchise loan to an entrepreneur in Royal Palm Beach, Florida. Because Philly Connection was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

PHILLY CONNECTION CHEESE STEAK
ROYAL PALM BEACH, FL 33411

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

This lender provides SBA business 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

722211 - Limited-Service Restaurants

Loan Approval Date

1/21/2004

Loan Approval Gross Amount

$145,500

Loan Approval from the SBA

Of the total $145,500 loan amount, the SBA guaranteed $123,675.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Philly Connection franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 9 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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