Financing for Book, Periodical, and Newspaper Wholesalers

With these loans for book, periodical, and newspaper wholesalers, the SBA guarantees the lender that the loan will be repaid. This book, periodical, and newspaper wholesalers loan for $80,400 was given to a New Jersey entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in South River, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of America, based in Providence, Rhode Island.

SBA Loan Borrower

COMPANY TYPE: BOOK, PERIODICAL, AND NEWSPAPER WHOLESALERS
SOUTH RIVER, NJ 08882

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

422920 - Book, Periodical, and Newspaper Wholesalers

Loan Approval Date

3/2/2001

Loan Approval Gross Amount

$80,400

Loan Approval from the SBA

Of the total $80,400 loan amount, the SBA guaranteed $40,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 18 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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