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May 13, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Phillipsburg, Business Loans > Unity Bank Phillipsburg Business Loans > Pet Care Services Loan | ||||
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New Jersey SBA 7A Lenders
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Phillipsburg, New Jersey Bank Lends Money to Pet Care Services Company in Ithaca, New YorkWant to talk with a Phillipsburg, New Jersey bank about a small business loan? Here's one New York business loan, issued by a Phillipsburg bank, that was approved by the SBA. Applying for an SBA loan with Unity Bank worked out well for our friends at one local company in Ithaca, New York. The business was able to get an SBA loan for $390,000. Way to go! SBA Loan Borrower COMPANY TYPE: PET CARE SERVICES SBA Loan Lender UNITY BANK This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812910 - Pet Care Services Loan Approval Date 6/14/2004 Loan Approval Gross Amount $390,000 Loan Approval from the SBA Of the total $390,000 loan amount, the SBA guaranteed $292,500. 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 3 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Where to Get an SBA Loan in Phillipsburg, New Jersey
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