New Jersey Entrepreneur Secures Financing to Buy Franchise

Need money to buy a franchise? Manasquan Savings Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lake Como, New Jersey needed money to invest in a franchise back in 2007. Manasquan Savings Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

SPERRY TENTS NEW JERSEY LLC
LAKE COMO, NJ 07719

SBA Loan Lender

MANASQUAN SAVINGS BANK
1410 MEETINGHOUSE RD & HWY 35
MANASQUAN, NJ 08736

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532310 - General Rental Centers

Loan Approval Date

11/16/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Lake Como NJ, you ought to talk with a local Lake Como SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lake Como businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, anyone can do it... so why not 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.

Related Links:

Direct Public Offerings

SBA 7A Banks in Manasquan, New Jersey

New Jersey SBA 7A Lenders