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April 27, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > Carvel Ice Cream Loan | ||||
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SBA Franchise Lenders in New Jersey
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New Jersey Entrepreneur Secures Financing to Buy Carvel Ice Cream FranchiseNeed money to purchase a Carvel Ice Cream franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Trenton, New Jersey needed money to invest in a Carvel Ice Cream franchise back in 2001. Commerce Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower CARVEL ICE CREAM SBA Loan Lender COMMERCE 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 4/30/2001 Loan Approval Gross Amount $34,000 Loan Approval from the SBA Of the total $34,000 loan amount, the SBA guaranteed $28,900. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Trenton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Philadelphia, Pennsylvania Banks for Small Business
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