Edgewater Park (township Of), New Jersey Business Gets SBA-Guaranteed Funding from Sun National Bank

An SBA loan from Sun National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Edgewater Park (township Of), New Jersey business owner got a $430,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Edgewater Park (township Of), New Jersey, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Sun National Bank, based in Vineland, New Jersey.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
EDGEWATER PARK (TOWNSHIP OF), NJ 08010

SBA Loan Lender

SUN NATIONAL BANK
226 LANDIS AVE
VINELAND, NJ 08360

This lender provides SBA debt financing 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

445120 - Convenience Stores

Loan Approval Date

2/8/2005

Loan Approval Gross Amount

$430,000

Loan Approval from the SBA

Of the total $430,000 loan amount, the SBA guaranteed $322,500.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Sun National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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