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December 19, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Mahwah, Business Loans > Td Banknorth Mahwah Business Loans > Mortgage And Nonmortgage Loan Brokers Loan | ||||
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Raising Money in Conshohocken, Pennsylvania With SBA Loans
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Mortgage and Nonmortgage Loan Brokers SBA LoansLooking for SBA loans for mortgage and nonmortgage loan brokers? Try the SBA. This $150,000 mortgage and nonmortgage loan brokers loan was issued by a New Jersey bank. This small business knew how to go about getting a business bank loan. Based in Conshohocken, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Td Banknorth, based in Mahwah, New Jersey. SBA Loan Borrower COMPANY TYPE: MORTGAGE AND NONMORTGAGE LOAN BROKERS SBA Loan Lender TD BANKNORTH This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 6/25/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 10 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 20 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Td Banknorth are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Good Banks for Small Business in Mahwah, New Jersey
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