White Plains, NY Entrepreneur Gets SBA Loan to Buy Charley's Steakery Fresh Grilled Sub Franchise

Borrowing money to invest in a Charley's Steakery Fresh Grilled Sub franchise? Bnb Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in White Plains, New York needed money to invest in a Charley's Steakery Fresh Grilled Sub franchise back in 2006. Bnb Bank, National Association issued an SBA franchise loan. Here are the details on this New York small business loan.

SBA Loan Borrower

AHK CHARLEYS INC.
WHITE PLAINS, NY 10601

SBA Loan Lender

BNB BANK, NATIONAL ASSOCIATION
2024 CENTER AVE
FORT LEE, NJ 07024

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

3/1/2006

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $97,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Charley's Steakery Fresh Grilled Sub franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in White Plains NY, you ought to talk with a local White Plains SBA lender or talk with an out-of-area SBA lender that has previously loaned money to White Plains businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bnb Bank, National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Where to Get an SBA Loan in Fort Lee, New Jersey

Getting an SBA Loan in New Jersey