Blc Bank Provides SBA Loan to Buy Kohr Bros Frozen Custard Franchise

Borrowing money to purchase a Kohr Bros Frozen Custard franchise? Blc Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Kohr Bros Frozen Custard franchise? If so, here's a 2001 SBA franchise loan that you should know about. Blc Bank was the lender and the entrepreneur was based in Harrisburg, Pennsylvania.

SBA Loan Borrower

KOHR BROS. FROZEN CUSTARD
HARRISBURG, PA 17112

SBA Loan Lender

BLC BANK
500 COLONIAL RD
HARRISBURG, PA 17112

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

8/30/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Kohr Bros Frozen Custard franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, 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.

Related Links:

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SBA Banks in Harrisburg, Pennsylvania

Pennsylvania SBA 7A Lenders