Rochester, MI Entrepreneur Gets SBA Loan to Buy Penn Station Franchise

Need money to buy a Penn Station franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

If you live near Rochester, Michigan and are interested in buying a Penn Station franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Keybank National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MARCONI BROTHERS LLC
ROCHESTER, MI 48309

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/4/2002

Loan Approval Gross Amount

$395,500

Loan Approval from the SBA

Of the total $395,500 loan amount, the SBA guaranteed $296,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Penn Station franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 2 existing jobs.

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

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

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Penn Station East Coast Subs

Choosing VC Firms

SBA 7A Banks in Cleveland, Ohio

SBA Ohio Lenders