Sayreville, New Jersey Business Gets SBA-Guaranteed Funding from Td Banknorth

An SBA loan from Td Banknorth typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sayreville, New Jersey business owner got a $200,000 loan.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Td Banknorth, out of Mahwah, New Jersey. The loan was granted and they received $200,000 to help grow their Sayreville, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: CARPENTRY CONTRACTORS
SAYREVILLE, NJ 08872

SBA Loan Lender

TD BANKNORTH
1000 MACARTHUR BLVD
MAHWAH, NJ 07430

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235510 - Carpentry Contractors

Loan Approval Date

8/29/2002

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Sayreville NJ, you ought to talk with a local Sayreville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sayreville businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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.

Related Links:

Equity Financing

SBA Banks in Mahwah, New Jersey

SBA Lenders in New Jersey