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November 14, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Lockport, Business Loans > First Niagara Bank Lockport Business Loans > Manhattan Bagel Loan | ||||
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First Niagara Bank SBA 7A Franchise Loans
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Loan to Buy Manhattan Bagel Co. Franchise Issued By First Niagara BankBorrowing money to invest in a Manhattan Bagel Co. franchise? First Niagara Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Manhattan Bagel Co. franchise requires some effort but others before you have been successful. In 2001, First Niagara Bank issued an SBA franchise loan to an entrepreneur in Buffalo, New York. Because Manhattan Bagel Co. was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower MANHATTAN BAGEL SBA Loan Lender FIRST NIAGARA BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/17/2001 Loan Approval Gross Amount $950,000 Loan Approval from the SBA Of the total $950,000 loan amount, the SBA guaranteed $712,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Manhattan Bagel Co. franchise. At the time of the loan, the company had 70 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $950,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: How Much Venture Capital Is There? Best Lockport, New York Banks for Small Business
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