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May 16, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Flavoring Extracts And Flavoring Syrups Loan | ||||
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Raising Money in Carlstadt, New Jersey With SBA Loans
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SBA Loans for Flavoring Syrup and Concentrate ManufacturingWith these SBA loans for flavoring syrup and concentrate manufacturing, the SBA guarantees the lender that the loan will be repaid. This flavoring syrup and concentrate manufacturing loan for $1,200,000 was given to a New Jersey entrepreneur in 2003. Getting a small business loan in Carlstadt, New Jersey was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Isn Bank, operating out of Cherry Hill, New Jersey. Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: FLAVORING EXTRACTS AND FLAVORING SYRUPS SBA Loan Lender ISN BANK This bank loan 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 2087 - Flavoring Extracts and Flavoring Syrups NAICS Code 311930 - Flavoring Syrup and Concentrate Manufacturing Loan Approval Date 12/8/2003 Loan Approval Gross Amount $1,200,000 Loan Approval from the SBA Of the total $1,200,000 loan amount, the SBA guaranteed $900,000. 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 9 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Isn Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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? Best Banks in Cherry Hill, New Jersey
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