Entrepreneur Works With Clinton, New Jersey Bank to Get an SBA Loan
Thinking about meeting with a Clinton, New Jersey bank about an SBA loan? Here's one New York business loan, issued by a Clinton bank, that was approved by the SBA.
Applying for an SBA loan with Unity Bank worked out well for our friends at one local business in Scarsdale, New York. They got an SBA loan for $85,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
Scarsdale, NY 10583
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
This lender provides SBA 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.
NAICS Code
621340 - Physical, Occupational and Speech Therapists, and Audiologists
Loan Approval Date
11/8/2007
Loan Approval Gross Amount
$85,000
Loan Approval from the SBA
Of the total $85,000 loan amount, the SBA guaranteed $72,250.
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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.
Next Steps for Getting an SBA Loan
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
We can help you find the best banks for small businesses in Scarsdale 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:
The Friends and Family Network
Best Banks in Clinton, New Jersey
Getting an SBA Loan in New Jersey