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December 20, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > New Brunswick, Business Loans > New Millennium Bank New Brunswick Business Loans > Manufactured Ice Loan | ||||
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Advice for Business Owners On Getting a Loan
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Borrowing Money for Ice ManufacturingLooking for loans for ice manufacturing? Talk to a banker who works with the SBA. This $314,000 ice manufacturing loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Toms River, New Jersey was able to borrow $314,000 from New Millennium Bank. The SBA made the loan possible by guaranteeing $235,500 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURED ICE SBA Loan Lender NEW MILLENNIUM BANK This small business 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 2097 - Manufactured Ice NAICS Code 312113 - Ice Manufacturing Loan Approval Date 12/16/2003 Loan Approval Gross Amount $314,000 Loan Approval from the SBA Of the total $314,000 loan amount, the SBA guaranteed $235,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Participating Banks in New Brunswick, New Jersey SBA Participating Banks in New Jersey
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