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April 16, 2024  
 
 
  Business Loan Information  
 

I Need a Small Business Loan to Buy a Franchise in Corning, New York

 

 
Loan Census SBA Loan Info

Corning, NY Entrepreneur Gets SBA Loan to Buy Manhattan Bagel Co. Franchise

Need a loan to purchase a Manhattan Bagel Co. franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA.

Manhattan Bagel Co. franchise loans are available to Corning, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Valley National Bank, based in North Plainfield, New Jersey, issued an SBA franchise loan for a Manhattan Bagel Co. franchise in 2001. We've got all the details on this New York small business loan.

SBA Loan Borrower

MANHATTAN BAGEL
CORNING, NY 14830

SBA Loan Lender

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

This lender provides SBA small business 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

722211 - Limited-Service Restaurants

Loan Approval Date

3/29/2001

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Manhattan Bagel Co. franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

Manhattan Bagel Company, Inc.

Family and Friend Investors - Your First Financiers

SBA Banks in North Plainfield, New Jersey

Getting an SBA Loan in New Jersey