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May 10, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Succasunna, Business Loans > Skylands Community Bank Succasunna Business Loans > Operators Of Nonresidental Buildings Loan | ||||
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How to Get SBA Loans in Newton, New Jersey
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Lessors of Nonresidential Buildings Small Business LoansWith these small business loans for lessors of nonresidential buildings, the SBA guarantees the lender that the loan will be repaid. This lessors of nonresidential buildings loan for $70,000 was given to a New Jersey entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newton, New Jersey was able to borrow $70,000 from Skylands Community Bank. The SBA made the loan possible by guaranteeing $52,500 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: OPERATORS OF NONRESIDENTAL BUILDINGS SBA Loan Lender SKYLANDS COMMUNITY BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6512 - Operators of Nonresidental Buildings NAICS Code 531120 - Lessors of Nonresidential Buildings Loan Approval Date 8/11/2003 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $52,500. 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Newton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks in Succasunna, New Jersey
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