Loan to Buy Edible Arrangements Franchise Issued By Community W. Bank

Need money to invest in an Edible Arrangements franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Edible Arrangements franchise shouldn't be overly burdensome. In 2007, Community W. Bank issued an SBA franchise loan to an entrepreneur in Daphne, Alabama. Because Edible Arrangements was registered with the SBA's registry of franchises, this Alabama small business loan was issued on an expedited basis.

SBA Loan Borrower

EDIBLE ARRANGEMENTS
DAPHNE, AL 36526

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

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

453998 - Store Retailers

Loan Approval Date

12/20/2007

Loan Approval Gross Amount

$219,000

Loan Approval from the SBA

Of the total $219,000 loan amount, the SBA guaranteed $164,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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