Highland, MD Entrepreneur Gets SBA Loan to Buy Friendly's Franchise

Need money to purchase a Friendly's franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Friendly's franchise shouldn't be too tough. In 2002, Manufacturers & Traders Trust issued an SBA franchise loan to an entrepreneur in Highland, Maryland. Because Friendly's was registered with the SBA's registry of franchises, this Maryland small business loan was issued on an expedited basis.

SBA Loan Borrower

FRIENDLY'S FAMILY RESTAURANT
HIGHLAND, MD 20777

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
25 S CHARLES ST
BALTIMORE, MD 21201

This lender provides SBA bank 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

9/19/2002

Loan Approval Gross Amount

$1,556,000

Loan Approval from the SBA

Of the total $1,556,000 loan amount, the SBA guaranteed $999,994.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Friendly's franchise. At the time of the loan, the company had 100 employees. The SBA loan application for the borrower indicated that the loan would help retain 100 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Friendly's Restaurants

Business Line of Credit

Small Business Banks in Baltimore, Maryland

Getting a Business Loan in Maryland