Clinton, New Jersey Bank Lends Money to Full-Service Restaurants Company in Egg Harbor City (egg Harbor), New Jersey

Get to know Clinton, New Jersey banks that specialize in small business loans and know how to work with entrepreneurs. Unity Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Egg Harbor City (egg Harbor), New Jersey starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Unity Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
EGG HARBOR CITY (EGG HARBOR), NJ 08215

SBA Loan Lender

UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809

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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/12/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Egg Harbor City (egg Harbor) NJ, you ought to talk with a local Egg Harbor City (egg Harbor) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Egg Harbor City (egg Harbor) businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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