North Plainfield, New Jersey Bank Lends Money to Plumbing, Heating, And Air Conditioning Contractors Company in Riverhead, New York

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

Applying for an SBA loan with Valley National Bank worked out well for our friends at one local firm in Riverhead, New York. The business was able to get an SBA loan for $170,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS
RIVERHEAD, NY 11901

SBA Loan Lender

VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

1/10/2002

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Riverhead NY, you ought to talk with a local Riverhead SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Riverhead businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Valley National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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