Firm Gets a New Jersey Bank Loan

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

Getting a small business loan in North Bergen, New Jersey was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Innovative Bank. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOORING CONTRACTORS
NORTH BERGEN, NJ 07047

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238330 - Flooring Contractors

Loan Approval Date

7/31/2007

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 8 employees. The loan application indicated that the loan would help generate 1 new job and retain 8 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in North Bergen NJ, you ought to talk with a local North Bergen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Bergen businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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