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April 26, 2024 |
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| Home > Small Business Lenders by State > Delaware Business Loan Sources > Fort Lee, Business Loans > Bnb Bank, National Association Fort Lee Business Loans > Ycl Milford Restaurant LLC& Yc Loan | ||||
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Raising Money in Milford, Delaware With SBA Loans
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Borrow Money to Buy a Bonanza Restaurants FranchiseNeed money to buy a Bonanza Restaurants franchise? Bnb Bank, National Association has a history of making these loans and they are guaranteed by the SBA. Bonanza Restaurants franchise loans are available to Milford, Delaware entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bnb Bank, National Association, based in Fort Lee, New Jersey, issued an SBA franchise loan for a Bonanza Restaurants franchise in 2006. We've got all the details on this Delaware small business loan. SBA Loan Borrower YCL MILFORD RESTAURANT LLC& YC SBA Loan Lender BNB BANK, NATIONAL ASSOCIATION 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 722110 - Full-Service Restaurants Loan Approval Date 8/10/2006 Loan Approval Gross Amount $1,957,000 Loan Approval from the SBA Of the total $1,957,000 loan amount, the SBA guaranteed $1,467,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Bonanza Restaurants franchise. At the time of the loan, the company had 65 employees. The SBA loan application for the borrower indicated that the loan would help generate 65 new jobs and retain 65 existing jobs. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,957,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Accountant's Role in Securing Financing Who Lends Money to Small Businesses in Fort Lee, New Jersey Browse All Business Loan Sources for New Jersey
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