Loan to Buy Mrs. Field's Cookies Franchise Issued By Susquehanna Bank Dv

Borrowing money to purchase a Mrs. Field's Cookies franchise? Susquehanna Bank Dv has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mays Landing, New Jersey needed money to invest in a Mrs. Field's Cookies franchise back in 2001. Susquehanna Bank Dv issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

MRS. FIELDS OF HAMILTON MALL
MAYS LANDING, NJ 08330

SBA Loan Lender

SUSQUEHANNA BANK DV
1748 S LINCOLN AVE
VINELAND, NJ 08361

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

3/1/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Susquehanna Bank Dv that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Mrs. Fields Original Cookies, Inc.

Alternative Financing

SBA Participating Banks in Vineland, New Jersey

Browse All Business Loan Sources for New Jersey