Woodbury, New Jersey Bank Lends Money to Optical Goods Stores Company in Laurel Springs, New Jersey

Want to talk with a Woodbury, New Jersey bank about a small business loan? Here's one New Jersey business loan, issued by a Woodbury bank, that was approved by the SBA.

Applying for an SBA loan with The Bank worked out well for our friends at one local firm in Laurel Springs, New Jersey. They received an SBA loan for $150,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: OPTICAL GOODS STORES
Laurel Springs, NJ 08021

SBA Loan Lender

THE BANK
100 PARK AVE
WOODBURY, NJ 08096

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446130 - Optical Goods Stores

Loan Approval Date

10/4/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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