Borrow Money to Buy an Auntie Ann's soft Pretzels Franchise

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

If you live near Camp Hill, Pennsylvania and are interested in buying an Auntie Ann's soft Pretzels franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Fulton Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AUNTIE ANNE'S
CAMP HILL, PA 17011

SBA Loan Lender

FULTON BANK
ONE PENN SQ
LANCASTER, PA 17602

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2051 - Bread, Cake, and Related Bakery Products

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

5/13/2002

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 84 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Camp Hill or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Microlending as a Small Business Funding Source

SBA 7A Lenders in Lancaster, Pennsylvania

Pennsylvania SBA Banks