Brooklyn, NY Entrepreneur Gets SBA Loan to Buy Amazon Cafe Franchise
Borrowing money to invest in an Amazon Cafe franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy an Amazon Cafe franchise is doable. In 2006, Valley National Bank issued an SBA franchise loan to an entrepreneur in Brooklyn, New York. Because Amazon Cafe was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.
SBA Loan Borrower
AMAZON CAFE
BROOKLYN, NY 11211
SBA Loan Lender
VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060
This lender provides SBA business 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
10/4/2006
Loan Approval Gross Amount
$241,000
Loan Approval from the SBA
Of the total $241,000 loan amount, the SBA guaranteed $180,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Amazon Cafe franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
We can help you find the best banks for small businesses in Brooklyn or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
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