Loan to Buy Penn Station Franchise Issued By Fifth Third Bank

Need money to invest in a Penn Station franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Penn Station franchise? If so, here's a 2005 SBA franchise loan that you should know about. Fifth Third Bank was the lender and the entrepreneur was based in Scott Depot, West Virginia.

SBA Loan Borrower

THE BEST SUBS LLC
SCOTT DEPOT, WV 25560

SBA Loan Lender

FIFTH THIRD BANK
700 VIRGINIA ST E STE 100
CHARLESTON, WV 25301

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/11/2005

Loan Approval Gross Amount

$272,500

Loan Approval from the SBA

Of the total $272,500 loan amount, the SBA guaranteed $204,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Penn Station franchise. At the time of the loan, the company had 23 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

Related Links:

Penn Station East Coast Subs

Understanding Dilution

Good Banks for Small Business in Charleston, West Virginia

SBA Participating Banks in West Virginia