Getting an SBA Loan for Book Publishers

Looking for commercial loans for book publishers? The SBA may be the answer. This $35,630 book publishers loan was issued by a New Jersey bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Paragon Fcu, out of Montvale, New Jersey. The loan was granted and they received $35,630 to help grow their Blooming Grove, New York business.

SBA Loan Borrower

COMPANY TYPE: BOOK PUBLISHERS
BLOOMING GROVE, NY 10914

SBA Loan Lender

PARAGON FCU
100 PARAGON DR
MONTVALE, NJ 07645

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511130 - Book Publishers

Loan Approval Date

11/29/2006

Loan Approval Gross Amount

$35,630

Loan Approval from the SBA

Of the total $35,630 loan amount, the SBA guaranteed $30,286.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

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.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Alternative Financing

SBA Participating Banks in Montvale, New Jersey

Where to Get an SBA Loan New Jersey