Turtle Creek (westinghouse), PA Entrepreneur Gets SBA Loan to Buy Fox's Pizza Den Franchise

Borrowing money to buy a Fox's Pizza Den franchise? First Commonwealth Bank has a history of making these loans and they are guaranteed by the SBA.

Fox's Pizza Den franchise loans are available to Turtle Creek (westinghouse), Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Commonwealth Bank, based in Hollidaysburg, Pennsylvania, issued an SBA franchise loan for a Fox's Pizza Den franchise in 2005. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

FOX'S PIZZA DEN OF TURTLE CREE
TURTLE CREEK (WESTINGHOUSE), PA 15145

SBA Loan Lender

FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648

This lender processed this commercial 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

3/17/2005

Loan Approval Gross Amount

$40,200

Loan Approval from the SBA

Of the total $40,200 loan amount, the SBA guaranteed $20,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fox's Pizza Den franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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

Fox's Pizza Den

Role of Business Plan When Raising Money

SBA Participating Banks in Hollidaysburg, Pennsylvania

SBA Lenders in Pennsylvania