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November 21, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Eating Places Loan | ||||
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Connecticut Bank SBA Loans
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Edison, New Jersey Business Gets SBA-Guaranteed Funding from Business Lenders, LLCBusiness Lenders, LLC and the SBA work together to get business loans for growing small businesses. Here's an example of how a New Jersey entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Edison, New Jersey, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Business Lenders, LLC, based in Hartford, Connecticut. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BUSINESS LENDERS, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/2/2000 Loan Approval Gross Amount $1,350,000 Loan Approval from the SBA Of the total $1,350,000 loan amount, the SBA guaranteed $749,925. 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 35 employees. The loan application indicated that the loan would help generate 14 new jobs and retain 21 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Who Lends Money to Small Businesses in Hartford, Connecticut Getting a Business Loan in Connecticut
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