Loan Census Banking News and Information
February 23, 2020  
 
 
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Good Sources for Basking Ridge SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Rollerz Franchise Issued By Commerce Bank

Need money to buy a Rollerz franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Rollerz franchise is doable. In 2002, Commerce Bank issued an SBA franchise loan to an entrepreneur in Basking Ridge, New Jersey. Because Rollerz was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

HEALTHY FOOD CONCEPTS LLC
BASKING RIDGE, NJ 07920

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/9/2002

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rollerz franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Basking Ridge or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Rollerz

Obtaining Funding - How to Decide How Much to Raise

Small Business Banks in Philadelphia, Pennsylvania

Where to Get an SBA Loan Pennsylvania