Commercial Loans for Nursery and Garden Centers
Looking for commercial loans for nursery and garden centers? The SBA may be the answer. This $90,400 nursery and garden centers loan was issued by a Rhode Island bank.
Getting a small business loan in Pemberton, New Jersey was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Providence, Rhode Island. Here are the details on this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: NURSERY AND GARDEN CENTERS
PEMBERTON, NJ 08068
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
444220 - Nursery and Garden Centers
Loan Approval Date
6/11/2002
Loan Approval Gross Amount
$90,400
Loan Approval from the SBA
Of the total $90,400 loan amount, the SBA guaranteed $45,200.
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 6 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 8 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This SBA loan was for $90,400. How would you spend $90,400 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.
Related Links:
Borrowing Money from Friends and Family
SBA 7A Banks for Providence, Rhode Island Loans
SBA Rhode Island Banks