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May 4, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Vineland, Business Loans > Sun National Bank Vineland Business Loans > Cruiseone In Cherry Hill Loan | ||||
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Business Loans for Cherry Hill (township Of) Entrepreneurs
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New Jersey Entrepreneur Secures Financing to Buy Cruise One FranchiseNeed a loan to invest in a Cruise One franchise? Sun National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cherry Hill (township Of), New Jersey needed money to invest in a Cruise One franchise back in 2006. Sun National Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower CRUISEONE IN CHERRY HILL SBA Loan Lender SUN 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 561510 - Travel Agencies Loan Approval Date 7/13/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cruise One franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Vineland, New Jersey Find an SBA Lender in New Jersey
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