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November 22, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Toms River, Business Loans > Commerce Bank Toms River Business Loans > Full-Service Restaurants Loan | ||||
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Toms River Lenders
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Entrepreneur Works With Toms River, New Jersey Bank to Get an SBA LoanThinking about meeting with a Toms River, New Jersey bank about an SBA loan? Here's one New Jersey business loan, issued by a Toms River bank, that was approved by the SBA. Applying for an SBA loan with Commerce Bank worked out well for our friends at one local business in Spring Lake (spring Lake Beach, New Jersey. They got an SBA loan for $710,400. Way to go! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender COMMERCE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/28/2003 Loan Approval Gross Amount $710,400 Loan Approval from the SBA Of the total $710,400 loan amount, the SBA guaranteed $532,800. 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 documents indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Spring Lake (spring Lake Beach or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Toms River, New Jersey
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