Borrow Money to Buy a Friendly's Franchise

Need money to purchase a Friendly's franchise? Susquehanna Bank Dv has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Friendly's franchise may simply require a phone call to a local SBA banker. In 2007, Susquehanna Bank Dv issued an SBA franchise loan to an entrepreneur in Voorhees, New Jersey. Because Friendly's was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

JMB1F, LLC
Voorhees, NJ 08043

SBA Loan Lender

SUSQUEHANNA BANK DV
101 S BRYN MAWR AVE
BRYN MAWR, PA 19010

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

7/3/2007

Loan Approval Gross Amount

$1,905,000

Loan Approval from the SBA

Of the total $1,905,000 loan amount, the SBA guaranteed $1,428,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Friendly's franchise. At the time of the loan, the company had 62 employees. The SBA loan documents indicated that the loan would help retain 62 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Susquehanna Bank Dv are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Friendly's Restaurants

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Bryn Mawr, Pennsylvania

Browse All Business Loan Sources for Pennsylvania