Borrowing Money for Drinking Places

Looking for bank loans for drinking places? An SBA loan may be just what you've been looking for. This $362,000 drinking places loan was issued by a Pennsylvania bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oaklyn, New Jersey was able to borrow $362,000 from Commerce Bank. The SBA made the loan possible by guaranteeing $271,500 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
OAKLYN, NJ 08107

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

5/29/2003

Loan Approval Gross Amount

$362,000

Loan Approval from the SBA

Of the total $362,000 loan amount, the SBA guaranteed $271,500.

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. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Oaklyn NJ, you ought to talk with a local Oaklyn SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oaklyn businesses.

This SBA loan was for $362,000. How would you spend $362,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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