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April 28, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Pennington, Business Loans > Hopewell Valley Community Bank Pennington Business Loans > Bagel Boys/blimpie's Of Hamilt Loan | ||||
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Business Loans for Hamilton Small Business Owners
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Borrow Money to Buy a Blimpie FranchiseNeed money to purchase a Blimpie franchise? Hopewell Valley Community Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Blimpie franchise shouldn't be overly burdensome. In 2002, Hopewell Valley Community Bank issued an SBA franchise loan to an entrepreneur in Hamilton, New Jersey. Because Blimpie was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis. SBA Loan Borrower BAGEL BOYS/BLIMPIE'S OF HAMILT SBA Loan Lender HOPEWELL VALLEY COMMUNITY BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/30/2002 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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'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. Related Links: Best Banks for Small Business in Pennington, New Jersey Browse All Business Loan Sources for New Jersey
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