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December 20, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Great Neck, Business Loans > Community National Bank Great Neck Business Loans > Meat And Meat Product Merchant Wholesalers Loan | ||||
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Examples of Carlstadt SBA Loans
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Getting an SBA Loan for Meat and Meat Product Merchant WholesalersLooking for commercial loans for meat and meat product merchant wholesalers? Try the SBA. This $300,000 meat and meat product merchant wholesalers loan was issued by a New York bank. This business knew how to go about getting a business bank loan. Based in Carlstadt, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Community National Bank, based in Great Neck, New York. SBA Loan Borrower COMPANY TYPE: MEAT AND MEAT PRODUCT MERCHANT WHOLESALERS SBA Loan Lender COMMUNITY NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 424470 - Meat and Meat Product Merchant Wholesalers Loan Approval Date 11/20/2006 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community National Bank and they will explain how you can get an SBA loan for your company. 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: Good Banks for Small Business in Great Neck, New York
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