East Rutherford, NJ Entrepreneur Gets SBA Loan to Buy Salad Works Franchise

Borrowing money to purchase a Salad Works franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Salad Works franchise shouldn't be overly burdensome. In 2007, Pnc Bank, National Association issued an SBA franchise loan to an entrepreneur in East Rutherford, New Jersey. Because Salad Works was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

SALADWORKS
EAST RUTHERFORD, NJ 07073

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

This lender provides SBA loan for small businesses 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

722211 - Limited-Service Restaurants

Loan Approval Date

1/17/2007

Loan Approval Gross Amount

$428,700

Loan Approval from the SBA

Of the total $428,700 loan amount, the SBA guaranteed $321,525.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Salad Works franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 15 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in East Rutherford 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:

Saladworks, Inc.

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