Borrowing Money for Ice Cream and Frozen Dessert Manufacturing

With these small business loans for ice cream and frozen dessert manufacturing, the SBA guarantees the lender that the loan will be repaid. This ice cream and frozen dessert manufacturing loan for $400,000 was given to a New Jersey entrepreneur in 2000.

Getting a small business loan in Irvington, New Jersey was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bnb Bank, National Association, operating out of Fort Lee, New Jersey. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: ICE CREAM AND FROZEN DESSERTS
IRVINGTON, NJ 07111

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.

SIC Code

2024 - Ice Cream and Frozen Desserts

NAICS Code

311520 - Ice Cream and Frozen Dessert Manufacturing

Loan Approval Date

5/23/2000

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 33 employees. The loan application indicated that the loan would help retain 33 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Irvington NJ, you ought to talk with a local Irvington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Irvington businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bnb Bank, National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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 - Friends and Family

Small Business Banks in Fort Lee, New Jersey

Browse All Business Loan Sources for New Jersey