Small Business Loans for Advertising Agencies

Looking for small business loans for advertising agencies? The SBA may be the answer. This $400,000 advertising agencies loan was issued by a New Jersey bank.

This small firm knew how to go about getting a business bank loan. Based in Hopatcong, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Pnc Bank, National Association, based in Somerset, New Jersey.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING AGENCIES
HOPATCONG, NJ 07843

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
675 FRANKLIN BLVD
SOMERSET, NJ 08873

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.

SIC Code

7311 - Advertising Agencies

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

3/2/2000

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $150,000.

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 14 employees. The SBA loan documents indicated that the loan would help retain 14 existing jobs.

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

If you need business start up money in Hopatcong NJ, you ought to talk with a local Hopatcong SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hopatcong businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pnc Bank, National Association and they will explain how you can get an SBA loan for your company.

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:

Accountant's Role in Securing Financing

Find an SBA Lender in Somerset, New Jersey

New Jersey SBA Banks