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November 21, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Glen Allen, Business Loans > Capital One Bank (usa) Glen Allen Business Loans > Engineering Services Loan | ||||
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SBA Lenders That Lend to Edison Small Business Owners
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Local Business Gets a New Jersey Small Business LoanBusiness loans in New Jersey are hard to find these days. We take a look at one New Jersey business loan, provided by a Virginia bank, that was approved by the SBA. Getting a small business loan in Edison, New Jersey was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Capital One Bank (usa). Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender CAPITAL ONE BANK (USA) This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 541330 - Engineering Services Loan Approval Date 8/3/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 16 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 16 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Capital One Bank (usa) and they will explain how you can get an SBA loan for your company. 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:
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