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May 3, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Fort Lee, Business Loans > Bnb Bank, National Association Fort Lee Business Loans > Full-Service Restaurants Loan | ||||
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New Jersey SBA Banks
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Fort Lee, New Jersey Lender Lends Money to Full-Service Restaurants CompanyGet SBA loans from a Fort Lee, New Jersey bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Bnb Bank, National Association is a Fort Lee, New Jersey small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Pennsylvania company. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BNB BANK, NATIONAL ASSOCIATION 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 722110 - Full-Service Restaurants Loan Approval Date 5/15/2007 Loan Approval Gross Amount $438,000 Loan Approval from the SBA Of the total $438,000 loan amount, the SBA guaranteed $328,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 22 employees. This SBA loan request indicated that the loan would help generate 22 new jobs and retain 22 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Philadelphia PA, you ought to talk with a local Philadelphia SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Philadelphia businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $438,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Best Banks for Small Business in Fort Lee, New Jersey Getting an SBA Loan in New Jersey
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