North Plainfield, New Jersey Bank Lends Money to Specialty Food Stores Company in Charleston, South Carolina

Get to know North Plainfield, New Jersey banks that specialize in business loans and know how to work with entrepreneurs. Valley National Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Charleston, South Carolina starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Valley National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
CHARLESTON, SC 29401

SBA Loan Lender

VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060

This SBA 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.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

3/13/2003

Loan Approval Gross Amount

$56,100

Loan Approval from the SBA

Of the total $56,100 loan amount, the SBA guaranteed $47,685.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Advice on Getting a Small Business Loan

SBA Participating Banks in North Plainfield, New Jersey

SBA New Jersey Banks