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May 18, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > North Brunswick, Business Loans > New York Community Bank North Brunswick Business Loans > Food Stores Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Business Loans for Specialty Food StoresLooking for business loans for specialty food stores? Talk to a banker who works with the SBA. This $80,000 specialty food stores loan was issued by a New Jersey bank. Getting a small business loan in Middletown, New Jersey was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from New York Community Bank, operating out of North Brunswick, New Jersey. Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: FOOD STORES SBA Loan Lender NEW YORK COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5499 - Food Stores NAICS Code 445299 - Specialty Food Stores Loan Approval Date 1/5/2001 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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 3 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, 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: Good Banks for Small Business in North Brunswick, New Jersey
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