Westwood, NJ Entrepreneur Gets SBA Loan to Buy Melting Pot Franchise

Borrowing money to purchase a Melting Pot franchise? Isn Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Westwood, New Jersey needed money to invest in a Melting Pot franchise back in 2003. Isn Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

WWG FONDUE INC. DBA THE MELTIN
WESTWOOD, NJ 07675

SBA Loan Lender

ISN BANK
457 HADDONFIELD RD, LIBERTYVI
CHERRY HILL, NJ 08002

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/14/2003

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Melting Pot franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Isn Bank and they will explain how you can get an SBA loan for your company.

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:

Melting Pot Fondue Restaurants

Obtaining Funding - How to Borrow Money

SBA Banks in Cherry Hill, New Jersey

Where to Get an SBA Loan New Jersey