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May 17, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Bethlehem, Business Loans > Lafayette Ambassador Bank Bethlehem Business Loans > Chiropractors Loan | ||||
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How to Get an SBA Loan from Lafayette Ambassador Bank
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SBA Loan from Lafayette Ambassador Bank Helps Chiropractors CompanyLafayette Ambassador Bank has a track record as a leading provider of SBA loans. Find out how this New Jersey entrepreneur received an SBA loan from them. Getting a small business loan in Phillipsburg, New Jersey was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Lafayette Ambassador Bank, operating out of Bethlehem, Pennsylvania. Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender LAFAYETTE AMBASSADOR BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Chiropractors Loan Approval Date 9/3/2004 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Lafayette Ambassador Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Obtaining Funding - Getting Venture Capital Where to Get an SBA Loan in Bethlehem, Pennsylvania Getting an SBA Loan in Pennsylvania
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