Loan Census Banking News and Information
May 16, 2024  
 
 
  Business Loan Information  
 

Cherry Hill SBA Lenders

 

 
Loan Census SBA Loan Info

Cherry Hill, New Jersey Lender Lends Money to Amusement And Recreation Services Company

Want to talk with a Cherry Hill, New Jersey bank about a small business loan? Here's one New Jersey business loan, issued by a Cherry Hill bank, that was approved by the SBA.

Applying for an SBA loan with Isn Bank worked out well for our friends at one local company in Vineland, New Jersey. They received an SBA loan for $900,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
VINELAND, NJ 08360

SBA Loan Lender

ISN BANK
457 HADDONFIELD RD, LIBERTYVI
CHERRY HILL, NJ 08002

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

NAICS Code

487110 - Scenic and Sightseeing Transportation, Land

Loan Approval Date

9/18/2001

Loan Approval Gross Amount

$900,000

Loan Approval from the SBA

Of the total $900,000 loan amount, the SBA guaranteed $675,000.

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 23 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 $900,000 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:

How Much Venture Capital Is There?

Best Banks for Small Business in Cherry Hill, New Jersey

New Jersey SBA Bank Lenders