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November 21, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > Arby's Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Neptune, NJ Entrepreneur Gets SBA Loan to Buy Arby's FranchiseNeed money to purchase an Arby's franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Arby's franchise loans are available to Neptune, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commerce Bank, based in Philadelphia, Pennsylvania, issued an SBA franchise loan for an Arby's franchise in 2004. We've got all the details on this New Jersey small business loan. SBA Loan Borrower ARBY'S SBA Loan Lender COMMERCE BANK This lender provides SBA guaranteed bank 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 722110 - Full-Service Restaurants Loan Approval Date 6/4/2004 Loan Approval Gross Amount $901,000 Loan Approval from the SBA Of the total $901,000 loan amount, the SBA guaranteed $675,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Arby's franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new 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. This SBA loan was for $901,000. How would you spend $901,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Philadelphia, Pennsylvania
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