Borrow Money to Buy an Edible Arrangements Franchise

Need a loan to buy an Edible Arrangements franchise? Valley National 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 2005, Valley National Bank issued an SBA franchise loan to an entrepreneur in Newark, New Jersey. Because Edible Arrangements was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

EDIBLE ARRANGEMENTS.
NEWARK, NJ 07101

SBA Loan Lender

VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060

This lender provides SBA guaranteed bank 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

445299 - Specialty Food Stores

Loan Approval Date

3/1/2005

Loan Approval Gross Amount

$178,200

Loan Approval from the SBA

Of the total $178,200 loan amount, the SBA guaranteed $133,650.

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 only one employee. The loan application indicated that the loan would help generate 4 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Newark 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:

Edible Arrangements

How to Raise Money

Where to Get an SBA Loan in North Plainfield, New Jersey

Find an SBA Lender in New Jersey