Cranbury, New Jersey Business Gets SBA-Guaranteed Funding from The Bank

The Bank has a track record as a leading provider of SBA loans. Find out how this New Jersey entrepreneur received an SBA loan from them.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with The Bank, out of Woodbury, New Jersey. The loan was granted and they received $800,000 to help grow their Cranbury, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
Cranbury, NJ 08512

SBA Loan Lender

THE BANK
100 PARK AVE
WOODBURY, NJ 08096

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

7/30/2007

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $400,000.

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 11 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Cranbury NJ, you ought to talk with a local Cranbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cranbury businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Bank 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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