Fort Lee, New Jersey Lender Lends Money to Supermarkets And Grocery Stores Company

Thinking about meeting with a Fort Lee, New Jersey bank about a small business loan? Here's one New York business loan, issued by a Fort Lee bank, that was approved by the SBA.

Applying for an SBA loan with Bnb Bank, National Association worked out well for our friends at one local company in Jamaica, New York. They received an SBA loan for $6,000. Nice!

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
JAMAICA, NY 11433

SBA Loan Lender

BNB BANK, NATIONAL ASSOCIATION
2024 CENTER AVE
FORT LEE, NJ 07024

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

11/14/2007

Loan Approval Gross Amount

$6,000

Loan Approval from the SBA

Of the total $6,000 loan amount, the SBA guaranteed $3,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bnb Bank, National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

504 Loans

Good Banks for Small Business in Fort Lee, New Jersey

Getting a Business Loan in New Jersey