Growing Company Gets a New Jersey SBA Loan
Searching for a New Jersey bank loan? This New Jersey entrepreneur got a bank loan, provided by a Missouri bank that works with the SBA to help small business owners.
Getting a small business loan in Pennsauken (pensauken), New Jersey was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp. Here are the details on this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES WHOLESALERS
PENNSAUKEN (PENSAUKEN), NJ 08110
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
422120 - Stationery and Office Supplies Wholesalers
Loan Approval Date
5/11/2001
Loan Approval Gross Amount
$633,200
Loan Approval from the SBA
Of the total $633,200 loan amount, the SBA guaranteed $474,900.
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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.
Next Steps for Getting an SBA Loan
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.
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 Ge Cap. Small Business Finan Corp 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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