Bank Of America Gives SBA Loan to Commercial Art And Graphic Design Company
Would a New Jersey business loan help your company expand? If so, you may want to talk with this Rhode Island bank, which offers SBA loans to New Jersey entrepreneurs.
You can learn something about getting a small business loan in Colts Neck, New Jersey by studying this loan to a local business, made back in 2000. Banks like Bank Of America may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL ART AND GRAPHIC DESIGN
COLTS NECK, NJ 07722
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
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.
SIC Code
7336 - Commercial Art and Graphic Design
NAICS Code
541430 - Graphic Design Services
Loan Approval Date
3/3/2000
Loan Approval Gross Amount
$60,300
Loan Approval from the SBA
Of the total $60,300 loan amount, the SBA guaranteed $30,150.
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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start business in Colts Neck NJ, you ought to talk with a local Colts Neck SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Colts Neck businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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