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May 9, 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 > Highway And Street Construction Loan | ||||
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Best Banks for Wharton, New Jersey Businesses
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Where to Get Capital for Highway and Street ConstructionWith these small business loans for highway and street construction, the SBA guarantees the lender that the loan will be repaid. This highway and street construction loan for $55,400 was given to a New Jersey entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wharton, New Jersey was able to borrow $55,400 from Skylands Community Bank. The SBA made the loan possible by guaranteeing $47,090 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION SBA Loan Lender SKYLANDS COMMUNITY BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1611 - Highway and Street Construction NAICS Code 234110 - Highway and Street Construction Loan Approval Date 4/25/2001 Loan Approval Gross Amount $55,400 Loan Approval from the SBA Of the total $55,400 loan amount, the SBA guaranteed $47,090. 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 6 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Good Banks for Small Business in Succasunna, New Jersey
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