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May 13, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Branchburg, Business Loans > Advantage Bank Branchburg Business Loans > Trucking Loan | ||||
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New Jersey Bank SBA Loans
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Advantage Bank SBA Loan to Trucking CompanyLooking to get a New Jersey business loan? Here's one New Jersey business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Edison, New Jersey, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Advantage Bank, based in Branchburg, New Jersey. SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender ADVANTAGE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4213 - Trucking Loan Approval Date 4/25/2000 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: Good Banks for Small Business in Branchburg, New Jersey Getting an SBA Loan in New Jersey
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