Clinton, New Jersey Bank Gives SBA Loan to Drinking Places Company
A Clinton, New Jersey SBA loan can be yours. Learn how one firm got a $365,000 business loan from this New Jersey bank.
This loan to a local firm is a good example of an SBA loan. Unity Bank made the loan and the SBA guaranteed a portion of the loan. Many other Pennsylvania entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: DRINKING PLACES
Northampton, PA 18067
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
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
722410 - Drinking Places
Loan Approval Date
12/18/2006
Loan Approval Gross Amount
$365,000
Loan Approval from the SBA
Of the total $365,000 loan amount, the SBA guaranteed $273,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the funding would help create 3 new jobs.
Next Steps for Getting an SBA Loan
If you need business start up money in Northampton PA, you ought to talk with a local Northampton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Northampton businesses.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Unity Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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