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May 18, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Fair Lawn, Business Loans > Columbia Bank Fair Lawn Business Loans > Security Systems Services Loan | ||||
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New Jersey SBA Banks
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Fair Lawn, New Jersey Bank Lends Money to Security Systems Services Company in Medford, New JerseyWant to talk with a Fair Lawn, New Jersey bank about an SBA loan? Here's one New Jersey business loan, issued by a Fair Lawn bank, that was approved by the SBA. Applying for an SBA loan with Columbia Bank worked out well for our friends at one local business in Medford, New Jersey. The business was able to get an SBA loan for $95,000. Great job! SBA Loan Borrower COMPANY TYPE: SECURITY SYSTEMS SERVICES SBA Loan Lender COLUMBIA BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7382 - Security Systems Services NAICS Code 561621 - Security Systems Services Loan Approval Date 1/30/2003 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We've showcased information on this loan to let you know that businesses like yours 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: SBA Banks in Fair Lawn, New Jersey
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