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May 18, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Ramsey, Business Loans > Commerce Bank/north Ramsey Business Loans > Truck, Utility Trailer, And Rv Rental And Leasing Loan | ||||
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Ramsey Bank Loan
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Ramsey, New Jersey Lender Lends Money to Truck, Utility Trailer, And Rv Rental And Leasing CompanyThinking about meeting with a Ramsey, New Jersey bank about a small business loan? Here's one New Jersey business loan, issued by a Ramsey bank, that was approved by the SBA. Applying for an SBA loan with Commerce Bank/north worked out well for our friends at one local business in Wyckoff, New Jersey. They received an SBA loan for $50,000. Way to go! SBA Loan Borrower COMPANY TYPE: TRUCK, UTILITY TRAILER, AND RV RENTAL AND LEASING SBA Loan Lender COMMERCE BANK/NORTH This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 532120 - Truck, Utility Trailer, and RV Rental and Leasing Loan Approval Date 3/18/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Ramsey, New Jersey
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