Loan Census Banking News and Information
November 15, 2024  
 
 
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Banks for Reston, Virginia Entrepreneurs

 

 
Loan Census SBA Loan Info

Virginia Entrepreneur Secures Financing to Buy Blimpie Franchise

Need a loan to buy a Blimpie franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

If you live near Reston, Virginia and are interested in buying a Blimpie franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Pnc Bank, National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BLIMPIE SUBS AND SALADS
RESTON, VA 20191

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
107 FREE CT
STERLING, VA 20164

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

722211 - Limited-Service Restaurants

Loan Approval Date

8/13/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the borrowed money would help create 5 new jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pnc Bank, National Association 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:

Blimpie Subs & Salads

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Banks in Sterling, Virginia

Virginia SBA Banks