 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Fairfield, Business Loans > Sovereign Bank Fairfield Business Loans > Pharmaceutical Preparations Loan | ||||
 |
||||
Get an SBA Loan in Howell, New Jersey
|
||||
 |
Sovereign Bank Gives Business Loan to Pharmaceutical Preparations CompanyNew JerseySmall business loans are available to New Jersey small business owners through the SBA. In this case, a New Jersey bank provides the loan. You can learn something about getting a small business loan in Howell, New Jersey by studying this loan to a local company, made back in 2001. Banks like Sovereign Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: PHARMACEUTICAL PREPARATIONS SBA Loan Lender SOVEREIGN BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2834 - Pharmaceutical Preparations NAICS Code 325412 - Pharmaceutical Preparation Manufacturing Loan Approval Date 8/29/2001 Loan Approval Gross Amount $1,150,000 Loan Approval from the SBA Of the total $1,150,000 loan amount, the SBA guaranteed $862,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 60 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $1,150,000. How would you spend $1,150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Role of Business Plan When Raising Money SBA 7A Lenders in Fairfield, New Jersey
|
|
||
|
||||
|
|
||||