Bethlehem, PA Entrepreneur Gets SBA Loan to Buy Fuddrucker's Franchise

Need a loan to invest in a Fuddrucker's franchise? National Penn Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Fuddrucker's franchise? If so, here's a 2003 SBA franchise loan that you should know about. National Penn Bank was the lender and the entrepreneur was based in Bethlehem, Pennsylvania.

SBA Loan Borrower

FUDDRUCKERS
BETHLEHEM, PA 18103

SBA Loan Lender

NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512

At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to offer speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

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

3/26/2003

Loan Approval Gross Amount

$529,900

Loan Approval from the SBA

Of the total $529,900 loan amount, the SBA guaranteed $397,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fuddrucker's franchise. At the time of the loan, the company had 90 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $529,900 loan. Remember, where there is a will, there is a way!

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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