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May 10, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Vineland, Business Loans > Sun National Bank Vineland Business Loans > Gasoline Engine And Engine Parts Manufacturing Loan | ||||
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Carteret, New Jersey Bank Loan
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Small Business Loans for Gasoline Engine and Engine Parts ManufacturingLooking for small business loans for gasoline engine and engine parts manufacturing? An SBA loan may be just what you've been looking for. This $200,000 gasoline engine and engine parts manufacturing loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Carteret, New Jersey was able to borrow $200,000 from Sun National Bank. The SBA made the loan possible by guaranteeing $150,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE ENGINE AND ENGINE PARTS MANUFACTURING SBA Loan Lender SUN NATIONAL BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336312 - Gasoline Engine and Engine Parts Manufacturing Loan Approval Date 1/24/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Sun National Bank and they will explain how you can get an SBA loan for your company. 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: SBA 7A Banks in Vineland, New Jersey SBA Participating Banks in New Jersey
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