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May 14, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Vineland, Business Loans > Sun National Bank Vineland Business Loans > Drywall And Insulation Contractors Loan | ||||
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Examples of Tuckerton SBA Loans
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How to Get a Loan for Drywall and Insulation ContractorsLooking for SBA loans for drywall and insulation contractors? Try the SBA. This $200,000 drywall and insulation contractors loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tuckerton, New Jersey was able to borrow $200,000 from Sun National Bank. The SBA made the loan possible by guaranteeing $100,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS SBA Loan Lender SUN NATIONAL BANK This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 238310 - Drywall and Insulation Contractors Loan Approval Date 9/29/2006 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 50 employees. The SBA loan documents indicated that the loan would help retain 50 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Sun National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Sun National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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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