Bank Of Pensacola Provides SBA Loan to Buy Pinch-A-Penny Franchise

Need money to invest in a Pinch-A-Penny franchise? Bank Of Pensacola 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 2006 SBA franchise loan that you should know about. Bank Of Pensacola was the lender and the entrepreneur was based in Pensacola, Florida.

SBA Loan Borrower

PINCH-A-PENNY
PENSACOLA, FL 32514

SBA Loan Lender

BANK OF PENSACOLA
125 W ROMANA ST
PENSACOLA, FL 32502

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

6/7/2006

Loan Approval Gross Amount

$1,342,000

Loan Approval from the SBA

Of the total $1,342,000 loan amount, the SBA guaranteed $1,006,500.

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 30 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Pensacola so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

Obtaining Funding - Getting Venture Capital

Good Banks for Small Business in Pensacola, Florida

Florida SBA 7A Lenders