Poughkeepsie, NY Entrepreneur Gets SBA Loan to Buy Edible Arrangements Franchise

Need a loan to buy an Edible Arrangements franchise? Rhinebeck Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Edible Arrangements franchise loans are available to Poughkeepsie, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rhinebeck Savings Bank, based in Rhinebeck, New York, issued an SBA franchise loan for an Edible Arrangements franchise in 2005. We've got all the details on this New York small business loan.

SBA Loan Borrower

EDIBLE ARRANGEMENTS
POUGHKEEPSIE, NY 12601

SBA Loan Lender

RHINEBECK SAVINGS BANK
6414 MONTGOMERY ST
RHINEBECK, NY 12572

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

5/16/2005

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $70,000.

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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $140,000 loan. Remember, things become real when you believe you can achieve them!

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

Obtaining Funding - How to Borrow Money

Best Banks for Small Business in Rhinebeck, New York

New York SBA Bank Lenders