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April 30, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Mahwah, Business Loans > Td Banknorth Mahwah Business Loans > Burger King Restaurant Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Burger King FranchiseBorrowing money to buy a Burger King franchise? Td Banknorth has a history of making these loans and they are guaranteed by the SBA. Burger King franchise loans are available to Paterson, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Td Banknorth, based in Mahwah, New Jersey, issued an SBA franchise loan for a Burger King franchise in 2004. We've got all the details on this New Jersey small business loan. SBA Loan Borrower BURGER KING RESTAURANT SBA Loan Lender TD BANKNORTH This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/9/2004 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Burger King franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower indicated that the loan would help retain 35 existing jobs. Start the Process for Getting an SBA Loan Today! 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Td Banknorth that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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:
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