How to Get a Loan for Dry Pasta Manufacturing

With these business loans for dry pasta manufacturing, the SBA guarantees the lender that the loan will be repaid. This dry pasta manufacturing loan for $1,500,000 was given to a New Jersey entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South Hackensack, New Jersey was able to borrow $1,500,000 from Commerce Bank/north. The SBA made the loan possible by guaranteeing $750,000 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: MACARONI, SPAGHETTI, VERMICELLI, AND NOODLES
SOUTH HACKENSACK, NJ 07606

SBA Loan Lender

COMMERCE BANK/NORTH
1100 LAKE ST
RAMSEY, NJ 07446

This lender provides SBA guaranteed business 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.

SIC Code

2098 - Macaroni, Spaghetti, Vermicelli, and Noodles

NAICS Code

311823 - Dry Pasta Manufacturing

Loan Approval Date

1/18/2000

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $750,000.

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 124 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 124 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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.

Related Links:

Microlending as a Small Business Funding Source

Who Lends Money to Small Businesses in Ramsey, New Jersey

Getting a Business Loan in New Jersey