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December 22, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Fort Lee, Business Loans > Woori America Bank Fort Lee Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Banks Doing SBA Loans in New Jersey
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Fort Lee, New Jersey Bank Gives SBA Loan to Coin-Operated Laundries And Drycleaners CompanyThinking about meeting with a Fort Lee, New Jersey bank about a small business loan? Here's one New Jersey business loan, issued by a Fort Lee bank, that was approved by the SBA. Applying for an SBA loan with Woori America Bank worked out well for our friends at one local business in Roselle, New Jersey. The business was able to get an SBA loan for $885,000. Sweet! SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender WOORI AMERICA BANK This lender provides SBA 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 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 4/25/2003 Loan Approval Gross Amount $885,000 Loan Approval from the SBA Of the total $885,000 loan amount, the SBA guaranteed $663,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in 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 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Woori America Bank 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: Microlending as a Small Business Funding Source Best Banks in Fort Lee, New Jersey
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