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December 19, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Mahwah, Business Loans > Td Banknorth Mahwah Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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SBA Lender Mahwah
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Mahwah, New Jersey Lender Lends Money to Commercial And Industrial Machinery And Equipment CompanyA Mahwah, New Jersey small business loan can be yours. Learn how one firm got a $150,000 business loan from this New Jersey bank. This loan to an entrepreneur is a good example of an SBA loan. Td Banknorth made the loan and the SBA guaranteed a portion of the loan. Many other New Jersey entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender TD BANKNORTH Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 1/18/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 20 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 26 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Totowa NJ, you ought to talk with a local Totowa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Totowa businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Td Banknorth are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Best Mahwah, New Jersey Banks for Small Business
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