Beachwood, New Jersey Business Gets SBA-Guaranteed Funding from Penn Fed. Savings Bank A Divis

Penn Fed. Savings Bank A Divis has a track record as a leading provider of SBA loans. Find out how this New Jersey entrepreneur received an SBA loan from them.

This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Penn Fed. Savings Bank A Divis, out of Newark, New Jersey. The loan was granted and they received $50,000 to help grow their Beachwood, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: SECURITY SYSTEMS SERVICES
BEACHWOOD, NJ 08722

SBA Loan Lender

PENN FED. SAVINGS BANK A DIVIS
36 FERRY ST
NEWARK, NJ 07105

This 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

561621 - Security Systems Services

Loan Approval Date

11/1/2005

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Penn Fed. Savings Bank A Divis and they will explain how you can get an SBA loan for your company.

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.

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