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May 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Old Bridge, Business Loans > Amboy Bank Old Bridge Business Loans > Furniture Stores Loan | ||||
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SBA Lenders New Jersey
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Old Bridge, New Jersey Bank Lends Money to Furniture Stores Company in Hazlet, New JerseyThinking about meeting with an Old Bridge, New Jersey bank about a small business loan? Here's one New Jersey business loan, issued by an Old Bridge bank, that was approved by the SBA. Applying for an SBA loan with Amboy Bank worked out well for our friends at one local company in Hazlet, New Jersey. They received an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender AMBOY 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 442110 - Furniture Stores Loan Approval Date 4/21/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 10 employees. The SBA loan documents indicated that the borrowed money would help generate 10 new jobs. Next Steps for Getting an SBA Loan If you have been wondering how do i get money to start a business in Hazlet NJ, you ought to talk with a local Hazlet SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hazlet businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Role of Business Plan When Raising Money Find an SBA Lender in Old Bridge, New Jersey
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