York, PA Entrepreneur Gets SBA Loan to Buy Heavenly Hams Franchise

Borrowing money to buy a Heavenly Hams franchise? Susquehanna Bank Pa has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Heavenly Hams franchise? If so, here's a 2001 SBA franchise loan that you should know about. Susquehanna Bank Pa was the lender and the entrepreneur was based in York, Pennsylvania.

SBA Loan Borrower

HEAVENLY HAMS
YORK, PA 17402

SBA Loan Lender

SUSQUEHANNA BANK PA
2951 WHITEFORD RD
YORK, PA 17402

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/19/2001

Loan Approval Gross Amount

$123,000

Loan Approval from the SBA

Of the total $123,000 loan amount, the SBA guaranteed $104,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Heavenly Hams franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Susquehanna Bank Pa had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Susquehanna Bank Pa made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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