The Huntington National Bank Provides SBA Loan to Buy Sbarro Italian Eatery Franchise

Need money to buy a Sbarro Italian Eatery franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Sbarro Italian Eatery franchise loans are available to Pittsburgh, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for a Sbarro Italian Eatery franchise in 2001. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

SBARROS
PITTSBURGH, PA 15222

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
1633 RTE 51 SOUTH
PITTSBURGH, PA 15236

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/23/2001

Loan Approval Gross Amount

$380,000

Loan Approval from the SBA

Of the total $380,000 loan amount, the SBA guaranteed $285,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sbarro Italian Eatery franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

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

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Huntington 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:

Sbarro Inc.

Attracting Investors

SBA Banks in Pittsburgh, Pennsylvania

Where to Get an SBA Loan Pennsylvania