Td Banknorth Provides SBA Loan to Buy Edible Arrangements Franchise
Need a loan to purchase an Edible Arrangements franchise? Td Banknorth has a history of making these loans and they are guaranteed by the SBA.
Edible Arrangements franchise loans are available to Woburn, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Td Banknorth, based in Portland, Maine, issued an SBA franchise loan for an Edible Arrangements franchise in 2005. We've got all the details on this Massachusetts small business loan.
SBA Loan Borrower
DMKM, INC. DBA EDIBLE ARR
Woburn, MA 01801
SBA Loan Lender
TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101
This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
453220 - Gift, Novelty, and Souvenir Stores
Loan Approval Date
2/17/2005
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 an Edible Arrangements franchise. At the time of the loan, the company
had 14 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 20 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Td Banknorth so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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
VC Firms on Twitter
SBA Banks in Portland, Maine
Maine SBA 7A Lenders