SBA Loan from Fort Lee Fed. Savings Bank Fsb Helps Beauty Salons Company

Fort Lee Fed. Savings Bank Fsb has a track record as a leading provider of SBA loans. Find out how this New Jersey entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Kinnelon, New Jersey, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Fort Lee Fed. Savings Bank Fsb, based in Fort Lee, New Jersey.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
KINNELON, NJ 07405

SBA Loan Lender

FORT LEE FED. SAVINGS BANK FSB
817 ABBOTT BLVD
FORT LEE, NJ 07024

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

6/11/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fort Lee Fed. Savings Bank Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fort Lee Fed. Savings Bank Fsb made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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