Business Loan from Preferred Capital Bidco, Inc. Given to Snack And Nonalcoholic Beverage Bars Company

An SBA loan from Preferred Capital Bidco, Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Edison (township Of), New Jersey business owner got a $175,000 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Preferred Capital Bidco, Inc., out of Wilmington, Delaware. The loan was granted and they received $175,000 to help grow their Edison (township Of), New Jersey business.

SBA Loan Borrower

COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
EDISON (TOWNSHIP OF), NJ 08817

SBA Loan Lender

PREFERRED CAPITAL BIDCO, INC.
300 DELAWARE AVENUE, SUITE 13
WILMINGTON, DE 19801

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/11/2006

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Edison (township Of) NJ, you ought to talk with a local Edison (township Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Edison (township Of) businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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