Isn Bank Gives SBA Loan to Stationery, Tablet, And Related Product Manufacturing Company

New YorkSmall business loans are available to New York small business owners through the SBA. In this case, a New Jersey bank provides the loan.

Getting a small business loan in New York, New York was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Isn Bank. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: STATIONERY, TABLET, AND RELATED PRODUCT MANUFACTURING
NEW YORK, NY 10016

SBA Loan Lender

ISN BANK
457 HADDONFIELD RD, LIBERTYVI
CHERRY HILL, NJ 08002

This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322233 - Stationery, Tablet, and Related Product Manufacturing

Loan Approval Date

3/5/2004

Loan Approval Gross Amount

$420,000

Loan Approval from the SBA

Of the total $420,000 loan amount, the SBA guaranteed $315,000.

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 5 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in New York NY, you ought to talk with a local New York SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New York businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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Where to Get an SBA Loan New Jersey