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December 22, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Wyomissing, Business Loans > Sovereign Bank Wyomissing Business Loans > Commercial Printing Loan | ||||
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SBA Lenders That Lend to Fairfield Businesses
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Growing Company Gets a New Jersey Bank LoanWould a New Jersey bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Pennsylvania bank, which offers SBA loans to New Jersey entrepreneurs. This small business, based in Fairfield, New Jersey, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Sovereign Bank. We've got the inside scoop on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender SOVEREIGN BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323119 - Commercial Printing Loan Approval Date 7/20/2004 Loan Approval Gross Amount $1,780,000 Loan Approval from the SBA Of the total $1,780,000 loan amount, the SBA guaranteed $1,335,000. 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 19 employees. This SBA loan request indicated that the borrowed money would help create 10 new jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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. Related Links: Find an SBA Lender in Wyomissing, Pennsylvania
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