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May 18, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > Industrial Supplies Wholesalers Loan | ||||
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Get an SBA Loan in Rahway, New Jersey
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Growing Company Gets a New Jersey Bank LoanSearching for a New Jersey bank loan? This New Jersey entrepreneur got a bank loan, provided by a Pennsylvania bank that works with the SBA to help small business owners. Getting a small business loan in Rahway, New Jersey was a top priority for this loan applicant back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank. Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SUPPLIES WHOLESALERS SBA Loan Lender COMMERCE BANK The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 421840 - Industrial Supplies Wholesalers Loan Approval Date 12/16/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Where to Get an SBA Loan in Philadelphia, Pennsylvania
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