SBA Loan from The Provident Bank Helps Eating Places Company

An SBA loan from The Provident Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Teaneck, New Jersey business owner got a $375,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Teaneck, New Jersey was able to borrow $375,000 from The Provident Bank. The SBA made the loan possible by guaranteeing $281,250 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
TEANECK, NJ 07666

SBA Loan Lender

THE PROVIDENT BANK
830 BERGEN AVE
JERSEY CITY, NJ 07306

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/10/2000

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

A Company That Helps Entrepreneurs

Small Business Banks in Jersey City, New Jersey

Browse All Business Loan Sources for New Jersey