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May 9, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Specialty Food Stores Loan | ||||
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I Need a Loan in Cranford (township Of), New Jersey
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SBA Loans for Specialty Food StoresLooking for SBA loans for specialty food stores? Try the SBA. This $269,500 specialty food stores loan was issued by a New Jersey bank. This small business knew how to go about getting a business bank loan. Based in Cranford (township Of), New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Valley National Bank, based in North Plainfield, New Jersey. SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender VALLEY NATIONAL BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 8/18/2004 Loan Approval Gross Amount $269,500 Loan Approval from the SBA Of the total $269,500 loan amount, the SBA guaranteed $202,125. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $269,500. How would you spend $269,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 in North Plainfield, New Jersey Getting a Business Loan in New Jersey
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