National Penn Bank Provides SBA Loan to Buy Verlo Mattress Factory Stores Franchise

Borrowing money to invest in a Verlo Mattress Factory Stores franchise? National Penn Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near West Chester, Pennsylvania and are interested in buying a Verlo Mattress Factory Stores franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by National Penn Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

VERLO MATTRESS OF DELAWARE VAL
WEST CHESTER, PA 19380

SBA Loan Lender

NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

337910 - Mattress Manufacturing

Loan Approval Date

11/6/2001

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Verlo Mattress Factory Stores franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in West Chester 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:

Verlo Mattress Factory Stores, LLC

Alternative Financing

Banks in Boyertown, Pennsylvania

SBA Lenders in Pennsylvania