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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Pittsburgh, Business Loans > Pnc Bank, National Association Pittsburgh Business Loans > Jerry's Subs & Pizza Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Alexandria, VA Entrepreneur Gets SBA Loan to Buy Jerry's Sub Shop FranchiseBorrowing money to buy a Jerry's Sub Shop franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA. If you live near Alexandria, Virginia and are interested in buying a Jerry's Sub Shop franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Pnc Bank, National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower JERRY'S SUBS & PIZZA SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION 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 5/17/2006 Loan Approval Gross Amount $366,500 Loan Approval from the SBA Of the total $366,500 loan amount, the SBA guaranteed $274,875. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Jerry's Sub Shop franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Dealing With Venture Capitalists SBA 7A Banks in Pittsburgh, Pennsylvania Browse All Business Loan Sources for Pennsylvania
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