Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

New Jersey Business Loans from Commerce Bank/north

 

 
Loan Census SBA Loan Info

Mount Holly, New Jersey Business Gets SBA-Guaranteed Funding from Commerce Bank/north

Commerce Bank/north has a track record as a leading provider of SBA loans. Find out how this New Jersey entrepreneur received an SBA loan from them.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Commerce Bank/north, out of Ramsey, New Jersey. The loan was granted and they received $299,800 to help grow their Mount Holly, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: CHILD AND YOUTH SERVICES
MOUNT HOLLY, NJ 08060

SBA Loan Lender

COMMERCE BANK/NORTH
1100 LAKE ST
RAMSEY, NJ 07446

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624110 - Child and Youth Services

Loan Approval Date

11/15/2002

Loan Approval Gross Amount

$299,800

Loan Approval from the SBA

Of the total $299,800 loan amount, the SBA guaranteed $224,850.

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 6 employees. This SBA loan request indicated that the loan would help generate 17 new jobs and retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank/north so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

The Friends and Family Network

Small Business Banks in Ramsey, New Jersey

New Jersey SBA 7A Banks