Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Palisades Park, New Jersey Bank Loan

 

 
Loan Census SBA Loan Info

Personal Care Services Small Business Loans

Looking for small business loans for personal care services? An SBA loan may be just what you've been looking for. This $50,000 personal care services loan was issued by a New Jersey bank.

This company knew how to go about getting a business bank loan. Based in Palisades Park, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was 1st Constitution Bank, based in Cranbury, New Jersey.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
Palisades Park, NJ 07650

SBA Loan Lender

1ST CONSTITUTION BANK
RTE 130 & DEY RD
CRANBURY, NJ 08512

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

812199 - Personal Care Services

Loan Approval Date

4/14/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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