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December 19, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Mahwah, Business Loans > Td Banknorth Mahwah Business Loans > Hobby, Toy, And Game Stores Loan | ||||
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Business Loans for Little Ferry Small Businesses
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Where to Get Capital for Hobby, Toy, and Game StoresLooking for SBA loans for hobby, toy, and game stores? Talk to a banker who works with the SBA. This $125,000 hobby, toy, and game stores loan was issued by a New Jersey bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Td Banknorth, out of Mahwah, New Jersey. The loan was granted and they received $125,000 to help grow their Little Ferry, New Jersey business. SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME STORES SBA Loan Lender TD BANKNORTH This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 451120 - Hobby, Toy, and Game Stores Loan Approval Date 7/16/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. 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 40 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 50 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Td Banknorth are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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: Who Lends Money to Small Businesses in Mahwah, New Jersey
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