Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

Requirements for Entrepreneurs On Getting a Loan

 

 
Loan Census SBA Loan Info

Business Loans for Personal Care Services

Looking for business loans for personal care services? Talk to a banker who works with the SBA. This $100,000 personal care services loan was issued by a New Jersey bank.

Getting a small business loan in Cranbury, New Jersey was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from The Bank, operating out of Windsor, New Jersey. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
CRANBURY, NJ 08512

SBA Loan Lender

THE BANK
RTE 130 MAIN ST
WINDSOR, NJ 08561

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

9/12/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $75,000.

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 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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:

Banking Deregulation's Effects on Entrepreneurship

Good Banks for Small Business in Windsor, New Jersey

New Jersey SBA Bank Lenders