Commerce Bank SBA Loan to Porcelain Electrical Supply Manufacturing Company

Commerce Bank has a track record as a leading provider of SBA loans. Find out how this New Jersey entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stirling, New Jersey was able to borrow $40,000 from Commerce Bank. The SBA made the loan possible by guaranteeing $20,000 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: PORCELAIN ELECTRICAL SUPPLY MANUFACTURING
STIRLING, NJ 07980

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

327113 - Porcelain Electrical Supply Manufacturing

Loan Approval Date

5/14/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

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 29 employees. The loan application indicated that the loan would help retain 29 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Stirling NJ, you ought to talk with a local Stirling SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stirling businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $40,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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