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April 28, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Philadelphia, Business Loans > Penn Business Credit, Inc. Philadelphia Business Loans > Automotive And Apparel Trimmings Loan | ||||
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What Does It Take to Get a Business Loan in Hamilton, New Jersey?
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Loans for Industrial Machinery and Equipment WholesalersWith these loans for industrial machinery and equipment wholesalers, the SBA guarantees the lender that the loan will be repaid. This industrial machinery and equipment wholesalers loan for $300,000 was given to a New Jersey entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hamilton, New Jersey was able to borrow $300,000 from Penn Business Credit, Inc.. The SBA made the loan possible by guaranteeing $270,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE AND APPAREL TRIMMINGS SBA Loan Lender PENN BUSINESS CREDIT, INC. SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2396 - Automotive and Apparel Trimmings NAICS Code 421830 - Industrial Machinery and Equipment Wholesalers Loan Approval Date 5/4/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $270,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Borrowing Money from Friends and Family Find an SBA Lender in Philadelphia, Pennsylvania Getting an SBA Loan in Pennsylvania
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