Financing for Computer Peripheral Equipment Manufacturing
Looking for loans for computer peripheral equipment manufacturing? Try the SBA. This $50,000 computer peripheral equipment manufacturing loan was issued by a New Jersey bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lincoln Park, New Jersey was able to borrow $50,000 from Unity Bank. The SBA made the loan possible by guaranteeing $25,000 of this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: COMPUTER PERIPHERAL EQUIPMENT MANUFACTURING
Lincoln Park, NJ 07035
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
334119 - Computer Peripheral Equipment Manufacturing
Loan Approval Date
12/14/2005
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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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Banks in Clinton, New Jersey
Getting an SBA Loan in New Jersey