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November 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Fort Lee, Business Loans > Bnb Bank, National Association Fort Lee Business Loans > Technical And Trade Schools Loan | ||||
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SBA Lenders in New Jersey
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Bank Loans for Technical and Trade SchoolsWith these bank loans for technical and trade schools, the SBA guarantees the lender that the loan will be repaid. This technical and trade schools loan for $10,000 was given to a New Jersey entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in East Orange, New Jersey was able to borrow $10,000 from Bnb Bank, National Association. The SBA made the loan possible by guaranteeing $5,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: TECHNICAL AND TRADE SCHOOLS SBA Loan Lender BNB BANK, NATIONAL ASSOCIATION The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 611519 - Technical and Trade Schools Loan Approval Date 6/2/2006 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 6 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in East Orange NJ, you ought to talk with a local East Orange SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Orange businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bnb Bank, National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in Fort Lee, New Jersey
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