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April 28, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Carvel Loan | ||||
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I Need a Small Business Loan to Buy a Franchise in Scarsdale, New York
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Borrow Money to Buy a Carvel Ice Cream FranchiseBorrowing money to buy a Carvel Ice Cream franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Carvel Ice Cream franchise requires some effort but others before you have been successful. In 2003, Valley National Bank issued an SBA franchise loan to an entrepreneur in Scarsdale, New York. Because Carvel Ice Cream was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower CARVEL SBA Loan Lender VALLEY NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 6/11/2003 Loan Approval Gross Amount $198,400 Loan Approval from the SBA Of the total $198,400 loan amount, the SBA guaranteed $148,800. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, 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: Dealing With Venture Capitalists Good Banks for Small Business in North Plainfield, New Jersey
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