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November 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Boston, Business Loans > Lehman Brothers Bank, Fsb Boston Business Loans > Services Loan | ||||
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Massachusetts Bank SBA Loans
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Lehman Brothers Bank, Fsb SBA Loan to Services CompanyWant a New Jersey small business loan? Here's one New Jersey business loan that was approved by the SBA. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Lehman Brothers Bank, Fsb, out of Boston, Massachusetts. The loan was granted and they received $1,225,000 to help grow their Pennsauken, New Jersey business. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender LEHMAN BROTHERS BANK, FSB This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services Loan Approval Date 5/11/2000 Loan Approval Gross Amount $1,225,000 Loan Approval from the SBA Of the total $1,225,000 loan amount, the SBA guaranteed $749,994. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 38 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Lehman Brothers Bank, Fsb and they will explain how you can get an SBA loan for your company. 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: SBA Approved Banks in Boston, Massachusetts
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