New Jersey Entrepreneur Secures Financing to Buy Rockn' Joe Coffeehouse & Bisto Franchise

Need money to invest in a Rockn' Joe Coffeehouse & Bisto franchise? First State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Kendall Park, New Jersey needed money to invest in a Rockn' Joe Coffeehouse & Bisto franchise back in 2007. First State Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

ROCKN'JOE COFFEEHOUSE + BISTRO
KENDALL PARK, NJ 08824

SBA Loan Lender

FIRST STATE BANK
16 COMMERCE DR
CRANFORD, NJ 07016

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

445299 - Specialty Food Stores

Loan Approval Date

8/22/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rockn' Joe Coffeehouse & Bisto franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 15 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First State Bank and they will explain how you can get an SBA loan for your company.

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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Rockn' Joe Coffeehouse and Bistro

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