Valley National Bank Provides SBA Loan to Buy Atlanta Bread Company Franchise

Borrowing money to buy an Atlanta Bread Company franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Clifton, New Jersey needed money to invest in an Atlanta Bread Company franchise back in 2000. Valley National Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

ATLANTA BREAD CO
CLIFTON, NJ 07012

SBA Loan Lender

VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

9/19/2000

Loan Approval Gross Amount

$653,800

Loan Approval from the SBA

Of the total $653,800 loan amount, the SBA guaranteed $490,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Atlanta Bread Company franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Valley National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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