Hackettstown, New Jersey Bank Lends Money to Business Services Company in Fairfield, New Jersey

Want to talk with a Hackettstown, New Jersey bank about a business loan? Here's one New Jersey business loan, issued by a Hackettstown bank, that was approved by the SBA.

Applying for an SBA loan with Skylands Community Bank worked out well for our friends at one local company in Fairfield, New Jersey. The business was able to get an SBA loan for $37,800. Nice!

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
FAIRFIELD, NJ 07004

SBA Loan Lender

SKYLANDS COMMUNITY BANK
176 MOUNTAIN AVE
HACKETTSTOWN, NJ 07840

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

11/18/2003

Loan Approval Gross Amount

$37,800

Loan Approval from the SBA

Of the total $37,800 loan amount, the SBA guaranteed $32,130.

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 8 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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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