Loan Census Banking News and Information
October 19, 2020  
  Business Loan Information  

Tips for Borrowing Money to Buy a Franchise


Loan Census SBA Loan Info

North Middlesex Savings Bank Provides SBA Loan to Buy Edible Arrangements Franchise

Need a loan to purchase an Edible Arrangements franchise? North Middlesex Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Edible Arrangements franchise shouldn't be overly burdensome. In 2004, North Middlesex Savings Bank issued an SBA franchise loan to an entrepreneur in Chelmsford, Massachusetts. Because Edible Arrangements was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower


SBA Loan Lender

AYER, MA 01432

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.


453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $140,500 loan amount, the SBA guaranteed $119,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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:

Edible Arrangements

The Art of Bootstrapping

SBA 7A Banks in Ayer, Massachusetts

Massachusetts SBA 7A Banks