Borrow Money to Buy a Rita's Real Italian Water Ice Franchise
Need a loan to purchase a Rita's Real Italian Water Ice franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Rita's Real Italian Water Ice franchise? If so, here's a 2005 SBA franchise loan that you should know about. Valley National Bank was the lender and the entrepreneur was based in Deer Park, New York.
SBA Loan Borrower
RITA'S ITALIAN ICE
DEER PARK, NY 11729
SBA Loan Lender
VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060
This lender provides SBA debt financing 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
6/9/2005
Loan Approval Gross Amount
$322,000
Loan Approval from the SBA
Of the total $322,000 loan amount, the SBA guaranteed $241,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Rita's Real Italian Water Ice franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We can help you find the best banks for small businesses in Deer Park or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Realistic Debt Financing Options
Find an SBA Lender in North Plainfield, New Jersey
Browse All Business Loan Sources for New Jersey