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May 4, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Edible Arrangements Loan | ||||
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Raising Money in Queens, New York With SBA Loans
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Borrow Money to Buy an Edible Arrangements FranchiseNeed money to purchase 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 may simply require a phone call to a local SBA banker. In 2005, Valley National Bank issued an SBA franchise loan to an entrepreneur in Queens, New York. Because Edible Arrangements was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower EDIBLE ARRANGEMENTS SBA Loan Lender VALLEY NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 4/19/2005 Loan Approval Gross Amount $145,000 Loan Approval from the SBA Of the total $145,000 loan amount, the SBA guaranteed $123,250. 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 SBA loan documents indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: How Much Venture Capital Is There? Best Banks in North Plainfield, New Jersey Find an SBA Lender in New Jersey
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