Loan to Buy Edible Arrangements Franchise Issued By Banco Popular North America

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

Want to borrow money to buy an Edible Arrangements franchise? If so, here's a 2008 SBA franchise loan that you should know about. Banco Popular North America was the lender and the entrepreneur was based in Westville, New Jersey.

SBA Loan Borrower

FRUITFLOWERS INCREDIBLY EDIBLE
WESTVILLE, NJ 08093

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

2/14/2008

Loan Approval Gross Amount

$251,100

Loan Approval from the SBA

Of the total $251,100 loan amount, the SBA guaranteed $188,325.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Westville NJ, you ought to talk with a local Westville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Westville businesses.

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.

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