 |
 |
November 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Devon, Business Loans > Commerce Bank Devon Business Loans > Medford Saladworks Loan | ||||
 |
||||
Business Loans for Medford Lakes Small Business Owners
|
||||
 |
Borrow Money to Buy a Salad Works FranchiseNeed money to invest in a Salad Works franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Salad Works franchise may simply require a phone call to a local SBA banker. In 2003, Commerce Bank issued an SBA franchise loan to an entrepreneur in Medford Lakes, New Jersey. Because Salad Works was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis. SBA Loan Borrower MEDFORD SALADWORKS SBA Loan Lender COMMERCE BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/29/2003 Loan Approval Gross Amount $360,000 Loan Approval from the SBA Of the total $360,000 loan amount, the SBA guaranteed $270,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Salad Works franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 22 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Participating Banks in Devon, Pennsylvania
|
|
||
|
||||
|
|
||||