Willow Grove, PA Entrepreneur Gets SBA Loan to Buy Auntie Ann's soft Pretzels Franchise

Need a loan to invest in an Auntie Ann's soft Pretzels franchise? Susquehanna Bank Pa has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Auntie Ann's soft Pretzels franchise may simply require a phone call to a local SBA banker. In 2001, Susquehanna Bank Pa issued an SBA franchise loan to an entrepreneur in Willow Grove, Pennsylvania. Because Auntie Ann's soft Pretzels was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

AUNTIE ANNE'S SOFT PRETZELS
WILLOW GROVE, PA 19090

SBA Loan Lender

SUSQUEHANNA BANK PA
2951 WHITEFORD RD
YORK, PA 17402

This SBA loan 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

7/6/2001

Loan Approval Gross Amount

$495,000

Loan Approval from the SBA

Of the total $495,000 loan amount, the SBA guaranteed $371,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Auntie Ann's soft Pretzels franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $495,000. How would you spend $495,000 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.

Related Links:

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Where to Get an SBA Loan in York, Pennsylvania

Pennsylvania SBA Banks