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May 17, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Ocean City, Business Loans > Ocean City Home Bank Ocean City Business Loans > Landscaping Services Loan | ||||
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Ocean City Lenders
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Entrepreneur Works With Ocean City, New Jersey Bank to Get an SBA LoanWant to talk with an Ocean City, New Jersey bank about a small business loan? Here's one New Jersey business loan, issued by an Ocean City bank, that was approved by the SBA. Applying for an SBA loan with Ocean City Home Bank worked out well for our friends at one local firm in Cape May Court House, New Jersey. The business was able to get an SBA loan for $135,000. Nice! SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender OCEAN CITY HOME BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561730 - Landscaping Services Loan Approval Date 1/26/2004 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Cape May Court House 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: How Much Venture Capital Is There? SBA Approved Banks in Ocean City, New Jersey
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