New Jersey Business Loan Issued to Pharmaceutical Preparation Manufacturing Company

Business loans in New Jersey are tough to come by these days. We take a look at one New Jersey business loan, provided by a Pennsylvania bank, that was approved by the SBA.

Getting a small business loan in Irvington (township Of), New Jersey was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: PHARMACEUTICAL PREPARATION MANUFACTURING
IRVINGTON (TOWNSHIP OF), NJ 07111

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

325412 - Pharmaceutical Preparation Manufacturing

Loan Approval Date

10/31/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 64 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 64 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Commerce Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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