Loan Census Banking News and Information
November 22, 2024  
 
 
  Business Loan Information  
 

New Jersey Bank SBA Loans

 

 
Loan Census SBA Loan Info

Fort Lee, New Jersey Bank Lends Money to Nail Salons Company in Haverstraw, New York

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

Applying for an SBA loan with Bnb Bank, National Association worked out well for our friends at one local firm in Haverstraw, New York. They got an SBA loan for $296,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: NAIL SALONS
HAVERSTRAW, NY 10927

SBA Loan Lender

BNB BANK, NATIONAL ASSOCIATION
2024 CENTER AVE
FORT LEE, NJ 07024

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

812113 - Nail Salons

Loan Approval Date

4/6/2006

Loan Approval Gross Amount

$296,000

Loan Approval from the SBA

Of the total $296,000 loan amount, the SBA guaranteed $222,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

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

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Banking Deregulation's Effects on Entrepreneurship

SBA Banks in Fort Lee, New Jersey

SBA Lenders in New Jersey