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May 6, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Paramus, Business Loans > Columbia Bank Paramus Business Loans > Electroplating, Plating, Polishing, Anodizing, And Coloring Loan | ||||
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I Need an SBA Loan in Hawthorne, New Jersey
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Get an SBA Loan for Electroplating, Plating, Polishing, Anodizing, and ColoringLooking for loans for electroplating, plating, polishing, anodizing, and coloring? The SBA may be the answer. This $900,000 electroplating, plating, polishing, anodizing, and coloring loan was issued by a New Jersey bank. Getting a small business loan in Hawthorne, New Jersey was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Columbia Bank, operating out of Paramus, New Jersey. Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING, ANODIZING, AND COLORING SBA Loan Lender COLUMBIA BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring Loan Approval Date 8/24/2007 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. 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 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Role of Business Plan When Raising Money Best Paramus, New Jersey Banks for Small Business
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