New Jersey Small Business Loan Issued to Engineering Services Company

Want a New Jersey business loan? This New Jersey entrepreneur got a business loan, provided by a Pennsylvania bank that works with the SBA to help small business owners.

Getting a small business loan in Burlington, New Jersey was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from United Bank Of Philadelphia. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
BURLINGTON, NJ 08016

SBA Loan Lender

UNITED BANK OF PHILADELPHIA
30 S 15TH ST, STE1200
PHILADELPHIA, PA 19102

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

2/26/2007

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from United Bank Of Philadelphia so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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