Du Bois, PA Entrepreneur Gets SBA Loan to Buy Meadows Original Frozen Custard the Franchise

Need money to buy a Meadows Original Frozen Custard the franchise? First Commonwealth Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Du Bois, Pennsylvania needed money to invest in a Meadows Original Frozen Custard the franchise back in 2007. First Commonwealth Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

R & R CAMERON ENTERPRISES LLC
DU BOIS, PA 15801

SBA Loan Lender

FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722211 - Limited-Service Restaurants

Loan Approval Date

5/8/2007

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Meadows Original Frozen Custard the franchise. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the loan would help generate 16 new jobs and retain 18 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Du Bois PA, you ought to talk with a local Du Bois SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Du Bois businesses.

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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