Brick Town (local Name Laurelt, NJ Entrepreneur Gets SBA Loan to Buy Famous Dave's Franchise

Borrowing money to buy a Famous Dave's franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Brick Town (local Name Laurelt, New Jersey and are interested in buying a Famous Dave's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Commerce Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

FAMOUS DAVE'S
BRICK TOWN (LOCAL NAME LAURELT, NJ 08723

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/10/2002

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $250,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Famous Dave's franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 119 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Brick Town (local Name Laurelt NJ, you ought to talk with a local Brick Town (local Name Laurelt SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Brick Town (local Name Laurelt businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Famous Dave's

Role of Business Plan When Raising Money

Who Lends Money to Small Businesses in Philadelphia, Pennsylvania

Getting an SBA Loan in Pennsylvania