Loan to Buy Wendy's Franchise Issued By Commerce Bank

Need a loan to buy a Wendy's franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Brick Town (local Name Laurelt, New Jersey needed money to invest in a Wendy's franchise back in 2003. Commerce Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

WENDY'S
BRICK TOWN (LOCAL NAME LAURELT, NJ 08723

SBA Loan Lender

COMMERCE BANK
1101 HOOPER AVE
TOMS RIVER, NJ 08753

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/19/2003

Loan Approval Gross Amount

$1,763,000

Loan Approval from the SBA

Of the total $1,763,000 loan amount, the SBA guaranteed $650,018.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wendy's franchise. At the time of the loan, the company had 95 employees. The loan application indicated that the loan would help retain 95 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Wendy's International, Inc.

SBIR Funding

Banks in Toms River, New Jersey

Getting a Business Loan in New Jersey