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November 24, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Clinton, Business Loans > Unity Bank Clinton Business Loans > General Line Grocery Merchant Wholesalers Loan | ||||
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New Jersey Bank SBA Loans
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Clinton, New Jersey Bank Gives SBA Loan to General Line Grocery Merchant Wholesalers CompanyThinking about meeting with a Clinton, New Jersey bank about an SBA loan? Here's one New Jersey business loan, issued by a Clinton bank, that was approved by the SBA. Applying for an SBA loan with Unity Bank worked out well for our friends at one local firm in Trenton, New Jersey. They got an SBA loan for $485,000. Sweet! SBA Loan Borrower COMPANY TYPE: GENERAL LINE GROCERY MERCHANT WHOLESALERS SBA Loan Lender UNITY BANK 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 424410 - General Line Grocery Merchant Wholesalers Loan Approval Date 3/31/2006 Loan Approval Gross Amount $485,000 Loan Approval from the SBA Of the total $485,000 loan amount, the SBA guaranteed $363,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help create 4 new jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Trenton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Banks in Clinton, New Jersey
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