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May 19, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Gladstone, Business Loans > Peapack-Gladstone Bank Gladstone Business Loans > Business Services Loan | ||||
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New Jersey Small Business SBA Loans
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Growing Company Gets a New Jersey Business LoanNew JerseyBank loans are available to New Jersey firms through the SBA. In this case, a New Jersey bank provides the loan. This company, based in S. Plainfield, New Jersey, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Peapack-Gladstone Bank. We've got the inside scoop on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender PEAPACK-GLADSTONE BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 561422 - Telemarketing Bureaus and Contact Centers Loan Approval Date 6/7/2005 Loan Approval Gross Amount $1,026,250 Loan Approval from the SBA Of the total $1,026,250 loan amount, the SBA guaranteed $769,688. 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 15 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in S. Plainfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks for Small Business in Gladstone, New Jersey
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