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December 22, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Ramsey, Business Loans > Commerce Bank/north Ramsey Business Loans > Commercial And Institutional Building Construction Loan | ||||
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Totowa, New Jersey Bank Loan
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Financing for Commercial and Institutional Building ConstructionLooking for commercial loans for commercial and institutional building construction? The SBA may be the answer. This $500,000 commercial and institutional building construction loan was issued by a New Jersey bank. This small business knew how to go about getting a business bank loan. Based in Totowa, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Commerce Bank/north, based in Ramsey, New Jersey. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender COMMERCE BANK/NORTH The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 236220 - Commercial and Institutional Building Construction Loan Approval Date 6/4/2004 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $250,000. 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 9 employees. The loan application indicated that the loan would help retain 9 existing jobs. Getting an SBA Loan For Your Business If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank/north so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 7A Banks for Ramsey, New Jersey Loans
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