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April 25, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Warwick, Business Loans > Home Loan Invest Bank F.S.B. Warwick Business Loans > Parbrahm Corp. Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Trenton, New Jersey
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Trenton, NJ Entrepreneur Gets SBA Loan to Buy Exxon FranchiseNeed a loan to invest in an Exxon franchise? Home Loan Invest Bank F.S.B. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Exxon franchise shouldn't be overly burdensome. In 2006, Home Loan Invest Bank F.S.B. issued an SBA franchise loan to an entrepreneur in Trenton, New Jersey. Because Exxon was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis. SBA Loan Borrower PARBRAHM CORP. SBA Loan Lender HOME LOAN INVEST BANK F.S.B. 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 7/24/2006 Loan Approval Gross Amount $850,000 Loan Approval from the SBA Of the total $850,000 loan amount, the SBA guaranteed $637,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Exxon franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $850,000 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: Best Warwick, Rhode Island Banks for Small Business
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