Cranbury, New Jersey Lender Lends Money to Electronic Parts And Equipment Company
Thinking about meeting with a Cranbury, New Jersey bank about a business loan? Here's one New Jersey business loan, issued by a Cranbury bank, that was approved by the SBA.
Applying for an SBA loan with 1st Constitution Bank worked out well for our friends at one local company in Marlboro, New Jersey. They received an SBA loan for $65,000. Great job!
SBA Loan Borrower
COMPANY TYPE: ELECTRONIC PARTS AND EQUIPMENT
MARLBORO, NJ 07746
SBA Loan Lender
1ST CONSTITUTION BANK
RTE 130 & DEY RD
CRANBURY, NJ 08512
This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5065 - Electronic Parts and Equipment
NAICS Code
421690 - Electronic Parts and Equipment Wholesalers
Loan Approval Date
5/24/2000
Loan Approval Gross Amount
$65,000
Loan Approval from the SBA
Of the total $65,000 loan amount, the SBA guaranteed $52,000.
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 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st Constitution Bank and they will explain how you can get an SBA loan for your company.
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.
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