Woodbury, New Jersey Bank Lends Money to Outdoor Advertising Services Company in Mickleton, New Jersey

Thinking about meeting with a Woodbury, New Jersey bank about an SBA 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 Mickleton, New Jersey. They got an SBA loan for $48,420. Great job!

SBA Loan Borrower

COMPANY TYPE: OUTDOOR ADVERTISING SERVICES
MICKLETON, NJ 08056

SBA Loan Lender

THE BANK
100 PARK AVE
WOODBURY, NJ 08096

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7312 - Outdoor Advertising Services

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/27/2003

Loan Approval Gross Amount

$48,420

Loan Approval from the SBA

Of the total $48,420 loan amount, the SBA guaranteed $36,315.

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 11 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Decide How Much to Raise

Banks in Woodbury, New Jersey

Getting an SBA Loan in New Jersey