How to Get a Loan for Totalizing Fluid Meter and Counting Device Manufacturing

Looking for business loans for totalizing fluid meter and counting device manufacturing? The SBA may be the answer. This $600,000 totalizing fluid meter and counting device manufacturing loan was issued by a New Jersey bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lakewood, New Jersey was able to borrow $600,000 from Commerce Bank. The SBA made the loan possible by guaranteeing $450,000 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: TOTALIZING FLUID METER AND COUNTING DEVICE MANUFACTURING
LAKEWOOD, NJ 08701

SBA Loan Lender

COMMERCE BANK
1101 HOOPER AVE
TOMS RIVER, NJ 08753

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334514 - Totalizing Fluid Meter and Counting Device Manufacturing

Loan Approval Date

8/23/2002

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Getting a Small Business Loan

Best Banks in Toms River, New Jersey

SBA New Jersey Lenders