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November 14, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Flemington, Business Loans > Commerce Bank Flemington Business Loans > Hardware Loan | ||||
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New Jersey Bank SBA Loans
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Commerce Bank SBA Loan to Hardware CompanySearching for a New York SBA loan? Here's one New York business loan that was approved by the SBA. This growing firm needed an SBA business loan in Brooklyn (borough Of New York), New York back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Commerce Bank, operating out of Flemington, New Jersey. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: HARDWARE SBA Loan Lender COMMERCE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5072 - Hardware Loan Approval Date 2/4/2000 Loan Approval Gross Amount $270,000 Loan Approval from the SBA Of the total $270,000 loan amount, the SBA guaranteed $202,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $270,000. How would you spend $270,000 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 Approved Banks in Flemington, New Jersey
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