Philipsburg, PA Entrepreneur Gets SBA Loan to Buy Meadows Original Frozen Custard the Franchise

Need a loan to buy a Meadows Original Frozen Custard the franchise? First Commonwealth Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Meadows Original Frozen Custard the franchise is doable. In 2008, First Commonwealth Bank issued an SBA franchise loan to an entrepreneur in Philipsburg, Pennsylvania. Because Meadows Original Frozen Custard the was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

HARSTO ENTERPRISES LLC SUSAN H
PHILIPSBURG, PA 16866

SBA Loan Lender

FIRST COMMONWEALTH BANK
601 PHILADELPHIA ST
INDIANA, PA 15701

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

1/4/2008

Loan Approval Gross Amount

$247,000

Loan Approval from the SBA

Of the total $247,000 loan amount, the SBA guaranteed $123,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Meadows Original Frozen Custard the franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help create 12 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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