Pennsylvania Entrepreneur Secures Financing to Buy Roly Poly Franchise

Need a loan to buy a Roly Poly franchise? Dollar Bank A Fed. Savings Bk has a history of making these loans and they are guaranteed by the SBA.

Roly Poly franchise loans are available to Cranberry Township, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Dollar Bank A Fed. Savings Bk, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for a Roly Poly franchise in 2004. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

KENNIHAN CONSULTING GROUP, INC
CRANBERRY TOWNSHIP, PA 16066

SBA Loan Lender

DOLLAR BANK A FED. SAVINGS BK
THREE GATEWAY CTR-1 EAST
PITTSBURGH, PA 15222

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

1/6/2004

Loan Approval Gross Amount

$66,150

Loan Approval from the SBA

Of the total $66,150 loan amount, the SBA guaranteed $56,227.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Roly Poly franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Dollar Bank A Fed. Savings Bk had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Dollar Bank A Fed. Savings Bk made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Roly Poly Rolled Sandwiches

Bank Credit Lines

SBA Banks in Pittsburgh, Pennsylvania

Getting a Business Loan in Pennsylvania