Recreational and Vacation Camps Bank Loans

With these bank loans for recreational and vacation camps, the SBA guarantees the lender that the loan will be repaid. This recreational and vacation camps loan for $1,435,000 was given to a New Jersey entrepreneur in 2002.

Getting a small business loan in Newton, New Jersey was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Sovereign Bank, operating out of Fairfield, New Jersey. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL AND VACATION CAMPS
NEWTON, NJ 07860

SBA Loan Lender

SOVEREIGN BANK
165 PASSAIC AVE
FAIRFIELD, NJ 07004

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721214 - Recreational and Vacation Camps

Loan Approval Date

6/20/2002

Loan Approval Gross Amount

$1,435,000

Loan Approval from the SBA

Of the total $1,435,000 loan amount, the SBA guaranteed $998,760.

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 5 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,435,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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