Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Cheektowaga, New York Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Melting Pot Franchise

Borrowing money to buy a Melting Pot franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Melting Pot franchise shouldn't be too tough. In 2007, Ups Capital Business Credit issued an SBA franchise loan to an entrepreneur in Cheektowaga, New York. Because Melting Pot was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

BUFFALO FONDUE, INC. DBA THE MELTING POT
Cheektowaga, NY 14225

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/5/2007

Loan Approval Gross Amount

$988,300

Loan Approval from the SBA

Of the total $988,300 loan amount, the SBA guaranteed $741,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Melting Pot franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 41 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Melting Pot Fondue Restaurants

Direct Public Offerings

SBA 7A Lenders in Windsor, Connecticut

Connecticut SBA 7A Banks