Raising Money for Specialty Food Stores

Looking for bank loans for specialty food stores? Talk to a banker who works with the SBA. This $149,990 specialty food stores loan was issued by a New Jersey bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Bank, out of Woodbury, New Jersey. The loan was granted and they received $149,990 to help grow their Moorestown, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: DAIRY PRODUCTS STORES
MOORESTOWN, NJ 08004

SBA Loan Lender

THE BANK
100 PARK AVE
WOODBURY, NJ 08096

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5451 - Dairy Products Stores

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

11/13/2003

Loan Approval Gross Amount

$149,990

Loan Approval from the SBA

Of the total $149,990 loan amount, the SBA guaranteed $127,491.

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 3 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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.

This SBA loan was for $149,990. How would you spend $149,990 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

How to Raise Money

Who Lends Money to Small Businesses in Woodbury, New Jersey

New Jersey SBA Banks