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November 14, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Convenience Stores Loan | ||||
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Examples of Middletown SBA Loans
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Where to Get Capital for Convenience StoresWith these SBA loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $360,000 was given to a Connecticut entrepreneur in 2003. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Valley National Bank, out of North Plainfield, New Jersey. The loan was granted and they received $360,000 to help grow their Middletown, Connecticut business. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender VALLEY NATIONAL BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 1/31/2003 Loan Approval Gross Amount $360,000 Loan Approval from the SBA Of the total $360,000 loan amount, the SBA guaranteed $270,000. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Role of Business Plan When Raising Money Best North Plainfield, New Jersey Banks for Small Business Browse All Business Loan Sources for New Jersey
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