Toms River, NJ Entrepreneur Gets SBA Loan to Buy Sensible Car Rental Franchise

Borrowing money to invest in a Sensible Car Rental franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

Sensible Car Rental franchise loans are available to Toms River, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commerce Bank, based in Toms River, New Jersey, issued an SBA franchise loan for a Sensible Car Rental franchise in 2003. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

EDINE'S AUTO CENTER .
TOMS RIVER, NJ 08755

SBA Loan Lender

COMMERCE BANK
1101 HOOPER AVE
TOMS RIVER, NJ 08753

This lender provides SBA debt financing 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

441120 - Used Car Dealers

Loan Approval Date

5/9/2003

Loan Approval Gross Amount

$1,300,000

Loan Approval from the SBA

Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sensible Car Rental franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 4 new jobs.

Start the Process for Getting an SBA Loan Today!

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Commerce Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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New Jersey SBA Banks