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November 14, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Frozen Specialty Food Manufacturing Loan | ||||
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North Plainfield, New Jersey SBA 7A Banks
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North Plainfield, New Jersey Bank Gives SBA Loan to Frozen Specialty Food Manufacturing CompanyA North Plainfield, New Jersey SBA loan can be yours. Learn how a business got a $319,700 business loan from this New Jersey bank. This loan to an entrepreneur is a good example of an SBA loan. Valley National Bank made the loan and the SBA guaranteed a portion of the loan. Many other South Carolina entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FROZEN SPECIALTY FOOD MANUFACTURING SBA Loan Lender VALLEY NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311412 - Frozen Specialty Food Manufacturing Loan Approval Date 12/14/2001 Loan Approval Gross Amount $319,700 Loan Approval from the SBA Of the total $319,700 loan amount, the SBA guaranteed $239,775. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $319,700 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 North Plainfield, New Jersey
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