Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

New Jersey Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Marlboro, NJ Entrepreneur Gets SBA Loan to Buy Fantastic Sam's Franchise

Borrowing money to buy a Fantastic Sam's franchise? Isn Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Marlboro, New Jersey needed money to invest in a Fantastic Sam's franchise back in 2001. Isn Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

FANTASTIC SAMS
MARLBORO, NJ 07746

SBA Loan Lender

ISN BANK
457 HADDONFIELD RD, LIBERTYVI
CHERRY HILL, NJ 08002

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

12/17/2001

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Fantastic Sams

Choosing VC Firms

Best Banks for Small Business in Cherry Hill, New Jersey

Find an SBA Lender in New Jersey