Lake Hopatcong (census Name Es, New Jersey Business Gets SBA-Guaranteed Funding from Valley National Bank
An SBA loan from Valley National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lake Hopatcong (census Name Es, New Jersey business owner got a $25,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lake Hopatcong (census Name Es, New Jersey was able to borrow $25,000 from Valley National Bank. The SBA made the loan possible by guaranteeing $12,500 of this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: OFFICE SUPPLIES AND STATIONERY
LAKE HOPATCONG (CENSUS NAME ES, NJ 07849
SBA Loan Lender
VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060
This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
453210 - Office Supplies and Stationery
Loan Approval Date
5/17/2005
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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