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May 2, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Century 21 Northern Realty Loan | ||||
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Where Can I Find Franchise Loans in Paterson, New Jersey?
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New Jersey Entrepreneur Secures Financing to Buy Century 21 FranchiseBorrowing money to invest in a Century 21 franchise? Isn Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Paterson, New Jersey needed money to invest in a Century 21 franchise back in 2006. Isn Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower CENTURY 21 NORTHERN REALTY SBA Loan Lender ISN BANK 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 531210 - Real Estate Agents and Brokers Loan Approval Date 7/27/2006 Loan Approval Gross Amount $344,000 Loan Approval from the SBA Of the total $344,000 loan amount, the SBA guaranteed $258,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Century 21 franchise. At the time of the loan, the company had 56 employees. The SBA loan application for the borrower indicated that the loan would help generate 64 new jobs and retain 56 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $344,000 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: Century 21 Real Estate Corporation Family and Friend Investors - Your First Financiers SBA Participating Banks in Cherry Hill, New Jersey Getting an SBA Loan in New Jersey
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