Browns Mills, NJ Entrepreneur Gets SBA Loan to Buy Corporate Minutes Made Franchise

Need a loan to purchase a Corporate Minutes Made franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Browns Mills, New Jersey needed money to invest in a Corporate Minutes Made franchise back in 2003. Commerce Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

CORNWELL TOOLS
BROWNS MILLS, NJ 08015

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

The lender provided this commercial 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

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

4/16/2003

Loan Approval Gross Amount

$16,000

Loan Approval from the SBA

Of the total $16,000 loan amount, the SBA guaranteed $8,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Corporate Minutes Made franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Browns Mills NJ, you ought to talk with a local Browns Mills SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Browns Mills businesses.

We've showcased information on this loan to let you know that businesses like yours 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:

The Art of Bootstrapping

SBA 7A Banks for Philadelphia, Pennsylvania Loans

Pennsylvania SBA 7A Lenders