SBA Loans for Flavoring Syrup and Concentrate Manufacturing
With these SBA loans for flavoring syrup and concentrate manufacturing, the SBA guarantees the lender that the loan will be repaid. This flavoring syrup and concentrate manufacturing loan for $1,200,000 was given to a New Jersey entrepreneur in 2003.
Getting a small business loan in Carlstadt, New Jersey was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Isn Bank, operating out of Cherry Hill, New Jersey. Here are the details on this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: FLAVORING EXTRACTS AND FLAVORING SYRUPS
CARLSTADT, NJ 07072
SBA Loan Lender
ISN BANK
457 HADDONFIELD RD, LIBERTYVI
CHERRY HILL, NJ 08002
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2087 - Flavoring Extracts and Flavoring Syrups
NAICS Code
311930 - Flavoring Syrup and Concentrate Manufacturing
Loan Approval Date
12/8/2003
Loan Approval Gross Amount
$1,200,000
Loan Approval from the SBA
Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.
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 9 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Isn Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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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