Bnb Bank, National Association SBA Loan to Eating Places Company

Searching for a New Jersey business loan? Here's one New Jersey business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Sayreville, New Jersey, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Bnb Bank, National Association, based in Fort Lee, New Jersey.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SAYREVILLE, NJ 08879

SBA Loan Lender

BNB BANK, NATIONAL ASSOCIATION
2024 CENTER AVE
FORT LEE, NJ 07024

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.

SIC Code

5812 - Eating Places

Loan Approval Date

5/25/2000

Loan Approval Gross Amount

$1,100,000

Loan Approval from the SBA

Of the total $1,100,000 loan amount, the SBA guaranteed $748,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 24 employees. The SBA loan application for the borrower indicated that the funding would help generate 24 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $1,100,000. How would you spend $1,100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Best Banks for Small Business in Fort Lee, New Jersey

Getting an SBA Loan in New Jersey