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May 2, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Fantastic Sams Loan | ||||
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How to Get SBA Loans in North Brunswick (township Of), New Jersey
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North Brunswick (township Of), NJ Entrepreneur Gets SBA Loan to Buy Fantastic Sam's FranchiseNeed money to purchase a Fantastic Sam's franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA. Fantastic Sam's franchise loans are available to North Brunswick (township Of), New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Newtek Small Business Finance Inc., based in New York, New York, issued an SBA franchise loan for a Fantastic Sam's franchise in 2007. We've got all the details on this New Jersey small business loan. SBA Loan Borrower FANTASTIC SAMS SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 9/7/2007 Loan Approval Gross Amount $108,500 Loan Approval from the SBA Of the total $108,500 loan amount, the SBA guaranteed $92,225. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 1 existing job. 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $108,500 loan. Remember, things become real when you believe you can achieve them! 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: The Friends and Family Network Who Lends Money to Small Businesses in New York, New York
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