Trenton, New Jersey Bank Lends Money to Vocational Schools Company in Pleasantville, New Jersey

Thinking about meeting with a Trenton, New Jersey bank about an SBA loan? Here's one New Jersey business loan, issued by a Trenton bank, that was approved by the SBA.

Applying for an SBA loan with Sun National Bank worked out well for our friends at one local company in Pleasantville, New Jersey. They received an SBA loan for $290,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: VOCATIONAL SCHOOLS
PLEASANTVILLE, NJ 08232

SBA Loan Lender

SUN NATIONAL BANK
226 S BROAD ST
TRENTON, NJ 08608

This lender issued this SBA small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8249 - Vocational Schools

Loan Approval Date

8/18/2000

Loan Approval Gross Amount

$290,000

Loan Approval from the SBA

Of the total $290,000 loan amount, the SBA guaranteed $217,500.

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 10 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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