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November 14, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Blimpies Loan | ||||
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SBA Franchise Lenders in Connecticut
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Newington, CT Entrepreneur Gets SBA Loan to Buy Blimpie FranchiseNeed money to purchase a Blimpie franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Newington, Connecticut needed money to invest in a Blimpie franchise back in 2001. Valley National Bank issued an SBA franchise loan. Here are the details on this Connecticut small business loan. SBA Loan Borrower BLIMPIES SBA Loan Lender VALLEY NATIONAL BANK 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 722110 - Full-Service Restaurants Loan Approval Date 8/24/2001 Loan Approval Gross Amount $72,500 Loan Approval from the SBA Of the total $72,500 loan amount, the SBA guaranteed $61,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Microlending as a Small Business Funding Source Small Bank Loans in North Plainfield, New Jersey SBA Participating Banks in New Jersey
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