Financing for Durable Goods Wholesalers

Looking for loans for durable goods wholesalers? Try the SBA. This $30,000 durable goods wholesalers loan was issued by a New Jersey bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Columbia Bank, out of Paramus, New Jersey. The loan was granted and they received $30,000 to help grow their East Rutherford, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS WHOLESALERS
EAST RUTHERFORD, NJ 07073

SBA Loan Lender

COLUMBIA BANK
RTE 4 EAST, STE 304, BERGEN M
PARAMUS, NJ 07652

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.

NAICS Code

421990 - Durable Goods Wholesalers

Loan Approval Date

3/8/2002

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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