Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

Best Banks for South Burlington Franchise Buyers

 

 
Loan Census SBA Loan Info

Borrow Money to Buy an Edible Arrangements Franchise

Need a loan to invest in an Edible Arrangements franchise? Chittenden Trust Company has a history of making these loans and they are guaranteed by the SBA.

If you live near South Burlington, Vermont and are interested in buying an Edible Arrangements franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Chittenden Trust Company. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ESTEY'S EDIBLES, LLC D/B/A EDIBLE ARRANGEM
South Burlington, VT 05403

SBA Loan Lender

CHITTENDEN TRUST COMPANY
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

424490 - Grocery and Related Products Merchant Wholesalers

Loan Approval Date

8/21/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Edible Arrangements

Microlending as a Small Business Funding Source

Best Burlington, Vermont Banks for Small Business

Find an SBA Lender in Vermont