Skylands Community Bank SBA Loan to Hobby, Toy, And Game Stores Company

An SBA loan from Skylands Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cliffwood, New Jersey business owner got a $500,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Cliffwood, New Jersey, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Skylands Community Bank, based in Somerville, New Jersey.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
CLIFFWOOD, NJ 07721

SBA Loan Lender

SKYLANDS COMMUNITY BANK
50 W END AVE
SOMERVILLE, NJ 08876

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

11/21/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Cliffwood NJ, you ought to talk with a local Cliffwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cliffwood businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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:

Borrowing Money from Friends and Family

SBA Banks in Somerville, New Jersey

SBA New Jersey Banks