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May 18, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Westfield, Business Loans > The Town Bank Westfield Business Loans > Specialty Outpatient Facilities Loan | ||||
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New Jersey Bank SBA Loans
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The Town Bank SBA Loan to Specialty Outpatient Facilities CompanyWant a New Jersey business loan? Here's one New Jersey business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newton, New Jersey was able to borrow $200,000 from The Town Bank. The SBA made the loan possible by guaranteeing $150,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALTY OUTPATIENT FACILITIES SBA Loan Lender THE TOWN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8093 - Specialty Outpatient Facilities Loan Approval Date 3/17/2000 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $200,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 7A Banks in Westfield, New Jersey
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