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November 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Philadelphia, Business Loans > Pnc Bank, National Association Philadelphia Business Loans > Klm Inc T/a Manhattan Bagel Loan | ||||
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Raising Money in Phillipsburg, New Jersey With SBA Loans
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Phillipsburg, NJ Entrepreneur Gets SBA Loan to Buy Manhattan Bagel Co. FranchiseNeed money to purchase a Manhattan Bagel Co. franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Manhattan Bagel Co. franchise? If so, here's a 2007 SBA franchise loan that you should know about. Pnc Bank, National Association was the lender and the entrepreneur was based in Phillipsburg, New Jersey. SBA Loan Borrower KLM INC T/A MANHATTAN BAGEL SBA Loan Lender PNC BANK, NATIONAL ASSOCIATION This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 722211 - Limited-Service Restaurants Loan Approval Date 4/10/2007 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Manhattan Bagel Co. franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pnc Bank, National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pnc Bank, National Association made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Lenders in Philadelphia, Pennsylvania
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