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December 22, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Los Angeles, Business Loans > Nara Bank Los Angeles Business Loans > Five Guys Burgers Loan | ||||
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How Much Does It Cost to Buy a Franchise in Edison (township Of), New Jersey?
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Borrow Money to Buy a Five Guys Famous Burgers And Fries FranchiseNeed a loan to purchase a Five Guys Famous Burgers And Fries franchise? Nara Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Edison (township Of), New Jersey needed money to invest in a Five Guys Famous Burgers And Fries franchise back in 2007. Nara Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower FIVE GUYS BURGERS SBA Loan Lender NARA BANK 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/5/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Five Guys Famous Burgers And Fries franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Five Guys Famous Burgers and Fries Best Los Angeles, California Banks for Small Business Find an SBA Lender in California
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