Orlando, FL Entrepreneur Gets SBA Loan to Buy Pinch-A-Penny Franchise

Borrowing money to buy a Pinch-A-Penny franchise? Orlando National Bank has a history of making these loans and they are guaranteed by the SBA.

Pinch-A-Penny franchise loans are available to Orlando, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Orlando National Bank, based in Longwood, Florida, issued an SBA franchise loan for a Pinch-A-Penny franchise in 2003. We've got all the details on this Florida small business loan.

SBA Loan Borrower

PINCH-A-PENNY #96
ORLANDO, FL 32817

SBA Loan Lender

ORLANDO NATIONAL BANK
502 N HWY 17-92
LONGWOOD, FL 32750

This lender provides SBA 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

453998 - Store Retailers

Loan Approval Date

1/6/2003

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pinch-A-Penny franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $35,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Pinch A Penny, Inc.

Alternative Financing

SBA 7A Lenders in Longwood, Florida

Getting an SBA Loan in Florida