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January 26, 2025 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Help Supply Services Loan | ||||
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Jersey City, New Jersey Bank for SBA Loans
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Temporary Help Services LoansWith these loans for temporary help services, the SBA guarantees the lender that the loan will be repaid. This temporary help services loan for $28,200 was given to a New Jersey entrepreneur in 2000. Getting a small business loan in Jersey City, New Jersey was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Providence, Rhode Island. Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: HELP SUPPLY SERVICES SBA Loan Lender BANK OF AMERICA 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. SIC Code 7363 - Help Supply Services NAICS Code 561320 - Temporary Help Services Loan Approval Date 5/15/2000 Loan Approval Gross Amount $28,200 Loan Approval from the SBA Of the total $28,200 loan amount, the SBA guaranteed $14,100. 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 70 employees. The loan application indicated that the loan would help retain 70 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Jersey City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Dealing With Venture Capitalists SBA 7A Banks for Providence, Rhode Island Loans Browse All Business Loan Sources for Rhode Island
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