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November 24, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Edible Arrangements Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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New York Entrepreneur Secures Financing to Buy Edible Arrangements FranchiseNeed a loan to invest in an Edible Arrangements franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Edible Arrangements franchise is doable. In 2005, Valley National Bank issued an SBA franchise loan to an entrepreneur in Bronx, New York. Because Edible Arrangements was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower EDIBLE ARRANGEMENTS SBA Loan Lender VALLEY NATIONAL BANK 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 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 4/1/2005 Loan Approval Gross Amount $115,200 Loan Approval from the SBA Of the total $115,200 loan amount, the SBA guaranteed $57,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours 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: Good Banks for Small Business in North Plainfield, New Jersey Getting an SBA Loan in New Jersey
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