Connecticut Entrepreneur Secures Financing to Buy Sbarro Italian Eatery Franchise
Need a loan to buy a Sbarro Italian Eatery franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.
Sbarro Italian Eatery franchise loans are available to New Haven, Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pnc Bank, National Association, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for a Sbarro Italian Eatery franchise in 2006. We've got all the details on this Connecticut small business loan.
SBA Loan Borrower
SBARRO RESTAURANT
NEW HAVEN, CT 06519
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222
This lender provides SBA guaranteed business 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
722211 - Limited-Service Restaurants
Loan Approval Date
1/25/2006
Loan Approval Gross Amount
$423,000
Loan Approval from the SBA
Of the total $423,000 loan amount, the SBA guaranteed $317,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Sbarro Italian Eatery franchise. At the time of the loan, the company
had 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
We can help you find the best banks for small businesses in New Haven or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Sbarro Inc.
Obtaining Funding From a Venture Capitalist
Who Lends Money to Small Businesses in Pittsburgh, Pennsylvania
Pennsylvania SBA 7A Lenders