Mckees Rocks, PA Entrepreneur Gets SBA Loan to Buy Rita's Real Italian Water Ice Franchise

Need money to invest in a Rita's Real Italian Water Ice franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mckees Rocks, Pennsylvania needed money to invest in a Rita's Real Italian Water Ice franchise back in 2001. National City Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

RITA'S ITALIAN ICES INC
MCKEES ROCKS, PA 15136

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

This lender provides SBA guaranteed 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

445299 - Specialty Food Stores

Loan Approval Date

6/6/2001

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rita's Real Italian Water Ice franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Mckees Rocks PA, you ought to talk with a local Mckees Rocks SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mckees Rocks 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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