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December 24, 2024  
 
 
  Business Loan Information  
 

Raising Money in Glen Gardner, New Jersey With SBA Loans

 

 
Loan Census SBA Loan Info

Business Loans for Child Day Care Services

Looking for business loans for child day care services? Talk to a banker who works with the SBA. This $80,000 child day care services loan was issued by a New Jersey bank.

This small business knew how to go about getting a business bank loan. Based in Glen Gardner, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Unity Bank, based in Clinton, New Jersey.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
Glen Gardner, NJ 08826

SBA Loan Lender

UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809

This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

624410 - Child Day Care Services

Loan Approval Date

12/19/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $40,000.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Unity Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Family and Friend Investors - Your First Financiers

Banks in Clinton, New Jersey

SBA Lenders in New Jersey