New York Entrepreneur Secures Financing to Buy Edible Arrangements Franchise
Need 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
BRONX, NY 10461
SBA Loan Lender
VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060
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:
Edible Arrangements
Business Incubators
Good Banks for Small Business in North Plainfield, New Jersey
Getting an SBA Loan in New Jersey