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December 22, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Atlanta Bread Company Loan | ||||
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Requirements for Getting a Franchise Loan
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Brick, NJ Entrepreneur Gets SBA Loan to Buy Atlanta Bread Company FranchiseBorrowing money to buy an Atlanta Bread Company franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy an Atlanta Bread Company franchise? If so, here's a 2001 SBA franchise loan that you should know about. Valley National Bank was the lender and the entrepreneur was based in Brick, New Jersey. SBA Loan Borrower ATLANTA BREAD COMPANY SBA Loan Lender VALLEY NATIONAL BANK 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 445291 - Baked Goods Stores Loan Approval Date 12/26/2001 Loan Approval Gross Amount $544,000 Loan Approval from the SBA Of the total $544,000 loan amount, the SBA guaranteed $408,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Atlanta Bread Company franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Valley National Bank and they will explain how you can get an SBA loan for your company. 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: SBA Banks in North Plainfield, New Jersey
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