Loan to Buy Fox's Pizza Den Franchise Issued By First Commonwealth Bank

Borrowing money to invest in a Fox's Pizza Den franchise? First Commonwealth Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Fox's Pizza Den franchise? If so, here's a 2006 SBA franchise loan that you should know about. First Commonwealth Bank was the lender and the entrepreneur was based in Canonsburg, Pennsylvania.

SBA Loan Borrower

FOX'S PIZZA DEN OF MCMURRAY
CANONSBURG, PA 15317

SBA Loan Lender

FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/6/2006

Loan Approval Gross Amount

$74,100

Loan Approval from the SBA

Of the total $74,100 loan amount, the SBA guaranteed $37,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fox's Pizza Den franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Commonwealth Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Fox's Pizza Den

The Friends and Family Network

SBA 7A Banks in Hollidaysburg, Pennsylvania

SBA Participating Banks in Pennsylvania