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May 18, 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 > Commercial And Institutional Building Construction Loan | ||||
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Business Loan from Peapack-Gladstone Bank
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Chester, New Jersey Business Gets SBA-Guaranteed Funding from Peapack-Gladstone BankPeapack-Gladstone Bank has a track record as a leading provider of SBA loans. Find out how this New Jersey entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chester, New Jersey was able to borrow $800,000 from Peapack-Gladstone Bank. The SBA made the loan possible by guaranteeing $600,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender PEAPACK-GLADSTONE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 5/16/2007 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business If you need business start up money in Chester NJ, you ought to talk with a local Chester SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chester businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peapack-Gladstone 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: Best Gladstone, New Jersey Banks for Small Business
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