Pnc Bank, National Association Provides SBA Loan to Buy Arby's Franchise
Need money to buy an Arby's franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Delray Beach, Florida needed money to invest in an Arby's franchise back in 2005. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
ARBY'S
DELRAY BEACH, FL 33446
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
12/19/2005
Loan Approval Gross Amount
$2,000,000
Loan Approval from the SBA
Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy an Arby's franchise. At the time of the loan, the company
had 92 employees. The SBA loan documents indicated that the loan would help retain 92 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
We've showcased information on this loan to let you know that businesses like yours 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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SBA Participating Banks in Pennsylvania