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.

Want to borrow money to buy a Pinch-A-Penny franchise? If so, here's a 2001 SBA franchise loan that you should know about. Orlando National Bank was the lender and the entrepreneur was based in Orlando, Florida.

SBA Loan Borrower

PINCH-A-PENNY
ORLANDO, FL 32828

SBA Loan Lender

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

This lender provides SBA commercial 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

5/7/2001

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pinch-A-Penny franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help create 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Orlando National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

Financing Your Business

Who Lends Money to Small Businesses in Longwood, Florida

Browse All Business Loan Sources for Florida