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November 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Saddle Brook, Business Loans > Interchange Finan Services Cor Saddle Brook Business Loans > Meats And Meat Products Loan | ||||
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Saddle Brook, New Jersey SBA Lenders
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Saddle Brook, New Jersey Bank Gives SBA Loan to Meats And Meat Products CompanyA Saddle Brook, New Jersey SBA loan can be yours. Learn how a business got a $500,000 business loan from this New Jersey bank. This loan to an entrepreneur is a good example of an SBA loan. Interchange Finan Services Cor made the loan and the SBA guaranteed a portion of the loan. Many other New Jersey entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MEATS AND MEAT PRODUCTS SBA Loan Lender INTERCHANGE FINAN SERVICES COR The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5147 - Meats and Meat Products NAICS Code 311612 - Meat Processed from Carcasses Loan Approval Date 3/25/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 6 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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. Related Links: Role of Business Plan When Raising Money Banks in Saddle Brook, New Jersey Find an SBA Lender in New Jersey
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