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April 25, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Wow Cafe Wingery Loan | ||||
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How Can I Buy a Franchise in Metuchen, New Jersey?
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Borrow Money to Buy a Wow Cafe And Wingery FranchiseBorrowing money to purchase a Wow Cafe And Wingery franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Metuchen, New Jersey needed money to invest in a Wow Cafe And Wingery franchise back in 2007. Valley National Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower WOW CAFE WINGERY SBA Loan Lender VALLEY NATIONAL BANK This lender provides SBA 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 6/14/2007 Loan Approval Gross Amount $181,000 Loan Approval from the SBA Of the total $181,000 loan amount, the SBA guaranteed $135,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Wow Cafe And Wingery 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? SBA loans provide money to small business owners for working capital for other expenses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Valley National Bank 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: WOW Cafe & Wingery Franchising, LLC Best North Plainfield, New Jersey Banks for Small Business
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