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December 21, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Bryn Mawr, Business Loans > Susquehanna Bank Dv Bryn Mawr Business Loans > Furniture Stores Loan | ||||
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Small Business Banks for Mount Laurel Small Business Owners
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New Jersey Bank Loan Issued to Furniture Stores CompanyBank loans in New Jersey are hard to find these days. We take a look at one New Jersey bank loan, provided by a Pennsylvania bank, that was approved by the SBA. This company, based in Mount Laurel, New Jersey, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Susquehanna Bank Dv. We've got the inside scoop on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender SUSQUEHANNA BANK DV As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 9/7/2006 Loan Approval Gross Amount $705,000 Loan Approval from the SBA Of the total $705,000 loan amount, the SBA guaranteed $528,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 14 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $705,000 loan. Remember, things become real when you believe you can achieve them! 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: Borrowing Money from Friends and Family Where to Get an SBA Loan in Bryn Mawr, Pennsylvania
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