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May 18, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Woodbury, Business Loans > The Bank Woodbury Business Loans > Carwashes Loan | ||||
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New Jersey Small Business Loans from The Bank
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Runnemede, New Jersey Business Gets SBA-Guaranteed Funding from The BankAn SBA loan from The Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Runnemede, New Jersey business owner got a $282,750 loan. This small firm knew how to go about getting a business bank loan. Based in Runnemede, New Jersey, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was The Bank, based in Woodbury, New Jersey. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender THE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 3/11/2003 Loan Approval Gross Amount $282,750 Loan Approval from the SBA Of the total $282,750 loan amount, the SBA guaranteed $212,063. 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 8 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $282,750 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: Banking Deregulation's Effects on Entrepreneurship Who Lends Money to Small Businesses in Woodbury, New Jersey
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