Pennsylvania Entrepreneur Secures Financing to Buy Philly Soft Pretzel Factory Franchise

Need a loan to buy a Philly Soft Pretzel Factory franchise? Firstrust Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Philly Soft Pretzel Factory franchise loans are available to Cranberry, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Firstrust Savings Bank, based in Conshohocken, 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

PHILLY SOFT PRETZEL FACTORY
CRANBERRY, PA 16066

SBA Loan Lender

FIRSTRUST SAVINGS BANK
15 E RIDGE PIKE
CONSHOHOCKEN, PA 19428

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

445291 - Baked Goods Stores

Loan Approval Date

7/26/2007

Loan Approval Gross Amount

$157,000

Loan Approval from the SBA

Of the total $157,000 loan amount, the SBA guaranteed $78,500.

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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Philly Soft Pretzel Factory

The Friends and Family Network

Good Banks for Small Business in Conshohocken, Pennsylvania

Pennsylvania SBA 7A Banks