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November 14, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Carvel Loan | ||||
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Requirements for Getting a Franchise Loan
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Valley National Bank Provides SBA Loan to Buy Carvel Ice Cream FranchiseBorrowing money to purchase a Carvel Ice Cream franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Charlotte, North Carolina and are interested in buying a Carvel Ice Cream franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Valley National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower CARVEL SBA Loan Lender VALLEY NATIONAL BANK 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 445299 - Specialty Food Stores Loan Approval Date 11/13/2002 Loan Approval Gross Amount $185,000 Loan Approval from the SBA Of the total $185,000 loan amount, the SBA guaranteed $138,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Valley National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Banks in North Plainfield, New Jersey
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