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May 4, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Old Bridge, Business Loans > Amboy Bancorporation Old Bridge Business Loans > Friendly's Of Robbinsville Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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New Jersey Entrepreneur Secures Financing to Buy Friendly's FranchiseNeed money to purchase a Friendly's franchise? Amboy Bancorporation has a history of making these loans and they are guaranteed by the SBA. Friendly's franchise loans are available to Hamilton, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Amboy Bancorporation, based in Old Bridge, New Jersey, issued an SBA franchise loan for a Friendly's franchise in 2002. We've got all the details on this New Jersey small business loan. SBA Loan Borrower FRIENDLY'S OF ROBBINSVILLE SBA Loan Lender AMBOY BANCORPORATION This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722310 - Food Service Contractors Loan Approval Date 3/20/2002 Loan Approval Gross Amount $880,000 Loan Approval from the SBA Of the total $880,000 loan amount, the SBA guaranteed $660,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Friendly's franchise. At the time of the loan, the company had 75 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA Approved Banks in Old Bridge, New Jersey
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