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November 21, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > The Goddard School Of Cherry H Loan | ||||
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How to Get SBA Loans in Cherry Hill, New Jersey
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Cherry Hill, NJ Entrepreneur Gets SBA Loan to Buy Goddard Early Learning Center FranchiseNeed money to invest in a Goddard Early Learning Center franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cherry Hill, New Jersey needed money to invest in a Goddard Early Learning Center franchise back in 2001. Valley National Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower THE GODDARD SCHOOL OF CHERRY H SBA Loan Lender VALLEY NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611699 - Schools and Instruction Loan Approval Date 8/28/2001 Loan Approval Gross Amount $625,200 Loan Approval from the SBA Of the total $625,200 loan amount, the SBA guaranteed $468,900. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company had 29 employees. The SBA loan documents indicated that the loan would help generate 27 new jobs and retain 29 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Where to Get an SBA Loan in North Plainfield, New Jersey
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