Loan to Buy Manhattan Bagel Co. Franchise Issued By Pnc Bank, National Association

Borrowing money to buy a Manhattan Bagel Co. franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Manhattan Bagel Co. franchise loans are available to Sewell, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pnc Bank, National Association, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for a Manhattan Bagel Co. franchise in 2001. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

MANHATTAN BAGEL STORE
SEWELL, NJ 08080

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

1/18/2001

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Manhattan Bagel Co. franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Sewell NJ, you ought to talk with a local Sewell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sewell businesses.

We can help you find the best banks for small businesses in Sewell or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Manhattan Bagel Company, Inc.

Family and Friend Investors - Your First Financiers

SBA Participating Banks in Pittsburgh, Pennsylvania

Pennsylvania SBA 7A Lenders