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May 17, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Jersey City, Business Loans > The Provident Bank Jersey City Business Loans > General Automotive Repair Shops Loan | ||||
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Jersey City, New Jersey Bank for SBA Loans
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Entrepreneur Works With Jersey City, New Jersey Bank to Get an SBA LoanGet to know Jersey City, New Jersey banks that specialize in small business loans and know how to work with entrepreneurs. The Provident Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Bayville, New Jersey starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from The Provident Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender THE PROVIDENT BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 7/6/2001 Loan Approval Gross Amount $324,000 Loan Approval from the SBA Of the total $324,000 loan amount, the SBA guaranteed $243,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $324,000. How would you spend $324,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Realistic Debt Financing Options Good Banks for Small Business in Jersey City, New Jersey
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