Borrow Money to Buy a Philly Soft Pretzel Factory Franchise

Borrowing money to buy a Philly Soft Pretzel Factory franchise? Continental Bank has a history of making these loans and they are guaranteed by the SBA.

Philly Soft Pretzel Factory franchise loans are available to Collegeville, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Continental Bank, based in Plymouth Meeting, Pennsylvania, issued an SBA franchise loan for a Philly Soft Pretzel Factory franchise in 2007. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MEJ PROPERTIES LLC
COLLEGEVILLE, PA 19426

SBA Loan Lender

CONTINENTAL BANK
620 W GERMANTOWN PIKE, STE 35
PLYMOUTH MEETING, PA 19462

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

9/12/2007

Loan Approval Gross Amount

$215,000

Loan Approval from the SBA

Of the total $215,000 loan amount, the SBA guaranteed $161,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Philly Soft Pretzel Factory franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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