SBA Loan from Skylands Community Bank Helps Veterinary Services Company

An SBA loan from Skylands Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pittstown, New Jersey business owner got a $156,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Pittstown, New Jersey, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Skylands Community Bank, based in Somerville, New Jersey.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
PITTSTOWN, NJ 08867

SBA Loan Lender

SKYLANDS COMMUNITY BANK
50 W END AVE
SOMERVILLE, NJ 08876

This lender provides SBA guaranteed business 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

541940 - Veterinary Services

Loan Approval Date

1/6/2005

Loan Approval Gross Amount

$156,000

Loan Approval from the SBA

Of the total $156,000 loan amount, the SBA guaranteed $117,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $156,000. How would you spend $156,000 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.

Related Links:

Raising Venture Capital

Where to Get an SBA Loan in Somerville, New Jersey

Getting a Business Loan in New Jersey