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November 25, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cranbury, Business Loans > 1st Constitution Bank Cranbury Business Loans > Retail Bakeries Loan | ||||
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Lynbrook, New York Bank Loan
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Get an SBA Loan for Baked Goods StoresLooking for bank loans for baked goods stores? The SBA may be the answer. This $140,000 baked goods stores loan was issued by a New Jersey bank. This company knew how to go about getting a business bank loan. Based in Lynbrook, New York, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was 1st Constitution Bank, based in Cranbury, New Jersey. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender 1ST CONSTITUTION BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries NAICS Code 445291 - Baked Goods Stores Loan Approval Date 10/16/2002 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Advice on Getting a Small Business Loan SBA Approved Banks in Cranbury, New Jersey
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