Augusta, New Jersey Entrepreneur Gets a Business Loan
New JerseySBA loans are available to New Jersey entrepreneurs through the SBA. In this case, a Virginia bank provides the loan.
Getting a small business loan in Augusta, New Jersey was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Capital One Bank (usa). Here are the details on this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: FURNITURE STORES
AUGUSTA, NJ 07822
SBA Loan Lender
CAPITAL ONE BANK (USA)
4851 COX RD
GLEN ALLEN, VA 23060
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
442110 - Furniture Stores
Loan Approval Date
12/21/2007
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. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs.
Getting an SBA Loan For Your Business
If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
The Friends and Family Network
SBA Participating Banks in Glen Allen, Virginia
Virginia SBA Bank Lenders