Borrow Money to Buy an Edible Arrangements Franchise

Need money to purchase an Edible Arrangements franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Edible Arrangements franchise shouldn't be too tough. In 2005, Comerica Bank issued an SBA franchise loan to an entrepreneur in Plainview, New York. Because Edible Arrangements was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

S & R PROMOTIONS, INC.
PLAINVIEW, NY 11803

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This loan for a small business was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445230 - Fruit and Vegetable Markets

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$181,500

Loan Approval from the SBA

Of the total $181,500 loan amount, the SBA guaranteed $136,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds 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 raise money for a business in Plainview NY, you ought to talk with a local Plainview SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Plainview businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica Bank 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:

Edible Arrangements

Alternative Financing

Banks in Dallas, Texas

Texas SBA 7A Banks