Business Loan from New Millennium Bank Given to Solid Waste Collection Company

New Millennium Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a New Jersey entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North Bergen, New Jersey was able to borrow $1,304,000 from New Millennium Bank. The SBA made the loan possible by guaranteeing $978,000 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
NORTH BERGEN, NJ 07047

SBA Loan Lender

NEW MILLENNIUM BANK
57 LIVINGSTON AVE
NEW BRUNSWICK, NJ 08901

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

1/11/2005

Loan Approval Gross Amount

$1,304,000

Loan Approval from the SBA

Of the total $1,304,000 loan amount, the SBA guaranteed $978,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 80 employees. The loan application indicated that the loan would help retain 80 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company 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.

We've showcased information on this loan to let you know that businesses like yours 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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