SBA Loan from Ge Cap. Small Business Finan Corp Helps Hardware Manufacturing Company
An SBA loan from Ge Cap. Small Business Finan Corp typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cedarville, New Jersey business owner got a $205,700 loan.
Getting a small business loan in Cedarville, New Jersey was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp, operating out of St. Louis, Missouri. Here are the details on this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: HARDWARE MANUFACTURING
CEDARVILLE, NJ 08311
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
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.
NAICS Code
332510 - Hardware Manufacturing
Loan Approval Date
4/7/2004
Loan Approval Gross Amount
$205,700
Loan Approval from the SBA
Of the total $205,700 loan amount, the SBA guaranteed $154,275.
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 50 employees. The loan application indicated that the loan would help retain 50 existing jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ge Cap. Small Business Finan Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ge Cap. Small Business Finan Corp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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