Borrow Money to Buy a Golden Corral restaurant Franchise

Borrowing money to buy a Golden Corral restaurant franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

If you live near Dover, Delaware and are interested in buying a Golden Corral restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Pnc Bank, National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GOLDEN CORRAL
DOVER, DE 19901

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

This lender provides SBA commercial 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

722110 - Full-Service Restaurants

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Golden Corral restaurant franchise. At the time of the loan, the company had 58 employees. The SBA loan documents indicated that the loan would help generate 58 new jobs and retain 58 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Dover DE, you ought to talk with a local Dover SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dover businesses.

While you may be able to find other ways to get money to start a business, 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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