Borrow Money to Buy a Melting Pot Franchise

Need money to invest in a Melting Pot franchise? Ups Cap. Business Cr. - New Jersey has a history of making these loans and they are guaranteed by the SBA.

Melting Pot franchise loans are available to Hoboken, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ups Cap. Business Cr. - New Jersey, based in Edison, New Jersey, issued an SBA franchise loan for a Melting Pot franchise in 2007. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

THE MELTING POT RESTAURANT
HOBOKEN, NJ 07030

SBA Loan Lender

UPS CAP. BUSINESS CR. - NEW JERSEY
2025 LINCOLN HIGHWAY, SUITE 1
EDISON, NJ 08817

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/19/2007

Loan Approval Gross Amount

$1,636,000

Loan Approval from the SBA

Of the total $1,636,000 loan amount, the SBA guaranteed $1,227,000.

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 only one employee. The SBA loan documents indicated that the loan would help generate 29 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Hoboken NJ, you ought to talk with a local Hoboken SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hoboken businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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