Susquehanna Bank Provides SBA Loan to Buy Long John Silver's Franchise

Borrowing money to buy a Long John Silver's franchise? Susquehanna Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Long John Silver's franchise? If so, here's a 2003 SBA franchise loan that you should know about. Susquehanna Bank was the lender and the entrepreneur was based in Bedford, Pennsylvania.

SBA Loan Borrower

LONG JOHN SILVERS
BEDFORD, PA 15522

SBA Loan Lender

SUSQUEHANNA BANK
601 E PITT ST
BEDFORD, PA 15522

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

2/27/2003

Loan Approval Gross Amount

$47,000

Loan Approval from the SBA

Of the total $47,000 loan amount, the SBA guaranteed $39,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Long John Silver's franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised 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?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Susquehanna Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Long John Silver's Restaurants, Inc.

Obtaining Funding - How to Borrow Money

Who Lends Money to Small Businesses in Bedford, Pennsylvania

Find an SBA Lender in Pennsylvania