Gladstone, New Jersey Bank Gives SBA Loan to Specialty Trade Contractors Company

Want to talk with a Gladstone, New Jersey bank about an SBA loan? Here's one New Jersey business loan, issued by a Gladstone bank, that was approved by the SBA.

Applying for an SBA loan with Peapack-Gladstone Bank worked out well for our friends at one local business in Chester, New Jersey. The business was able to get an SBA loan for $600,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
CHESTER, NJ 07930

SBA Loan Lender

PEAPACK-GLADSTONE BANK
158 RTE 206 NORTH
GLADSTONE, NJ 07934

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

1/25/2007

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

SBIR Funding

Small Business Banks in Gladstone, New Jersey

SBA New Jersey Banks