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May 17, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Hackettstown, Business Loans > Skylands Community Bank Hackettstown Business Loans > Golf Courses And Country Clubs Loan | ||||
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Hackettstown, New Jersey Bank for SBA Loans
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Hackettstown, New Jersey Bank Gives SBA Loan to Golf Courses And Country Clubs CompanyWant to talk with a Hackettstown, New Jersey bank about a business loan? Here's one New Jersey business loan, issued by a Hackettstown bank, that was approved by the SBA. Applying for an SBA loan with Skylands Community Bank worked out well for our friends at one local company in Sparta (census Name Lake Mohaw, New Jersey. The business was able to get an SBA loan for $100,000. Way to go! SBA Loan Borrower COMPANY TYPE: GOLF COURSES AND COUNTRY CLUBS SBA Loan Lender SKYLANDS COMMUNITY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 713910 - Golf Courses and Country Clubs Loan Approval Date 12/27/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 25 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Skylands Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Hackettstown, New Jersey Banks for Small Business
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