Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Hopewell, New Jersey and We Got One!

 

 
Loan Census SBA Loan Info

Business Loans for Funeral Homes and Funeral Services

Looking for business loans for funeral homes and funeral services? An SBA loan may be just what you've been looking for. This $30,000 funeral homes and funeral services loan was issued by a New Jersey bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Amboy Bank, out of Old Bridge, New Jersey. The loan was granted and they received $30,000 to help grow their Hopewell, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES
HOPEWELL, NJ 08525

SBA Loan Lender

AMBOY BANK
3590 US HWY 9
OLD BRIDGE, NJ 08857

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

812210 - Funeral Homes and Funeral Services

Loan Approval Date

10/18/2004

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Hopewell NJ, you ought to talk with a local Hopewell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hopewell businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $30,000 loan. Remember, fight for what you want, and it will be yours!

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:

Obtaining Funding - Getting Venture Capital

Best Banks in Old Bridge, New Jersey

New Jersey SBA Banks