Business Loan from Skylands Community Bank Given to Computer Related Services Company

An SBA loan from Skylands Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hackettstown, New Jersey business owner got a $300,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Hackettstown, New Jersey, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Skylands Community Bank, based in Hackettstown, New Jersey.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
HACKETTSTOWN, NJ 07840

SBA Loan Lender

SKYLANDS COMMUNITY BANK
176 MOUNTAIN AVE
HACKETTSTOWN, NJ 07840

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

541519 - Computer Related Services

Loan Approval Date

7/10/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Next Steps for Getting an SBA Loan

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

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SBA Approved Banks in Hackettstown, New Jersey

SBA Lenders in New Jersey