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May 18, 2024  
 
 
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SBA Lender North Plainfield

 

 
Loan Census SBA Loan Info

Entrepreneur Works With North Plainfield, New Jersey Bank to Get an SBA Loan

Get SBA loans from a North Plainfield, New Jersey bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Valley National Bank is a North Plainfield, New Jersey small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New Jersey company.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
NEW BRUNSWICK, NJ 08901

SBA Loan Lender

VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

1/12/2001

Loan Approval Gross Amount

$74,000

Loan Approval from the SBA

Of the total $74,000 loan amount, the SBA guaranteed $62,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. 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 5 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Valley National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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Best North Plainfield, New Jersey Banks for Small Business

New Jersey SBA 7A Lenders