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November 24, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Full-Service Restaurants Loan | ||||
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NJ Small Business Loans from Business Lenders, LLC
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SBA Loan from Business Lenders, LLC Helps Full-Service Restaurants CompanyBusiness Lenders, LLC has a track record as a leading provider of SBA loans. Find out how this New Jersey entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Union (township Of), New Jersey was able to borrow $835,000 from Business Lenders, LLC. The SBA made the loan possible by guaranteeing $626,250 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BUSINESS LENDERS, LLC This lender provides SBA guaranteed business loans 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 722110 - Full-Service Restaurants Loan Approval Date 5/25/2005 Loan Approval Gross Amount $835,000 Loan Approval from the SBA Of the total $835,000 loan amount, the SBA guaranteed $626,250. 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 24 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 30 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Union (township Of) 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 7A Banks in Hartford, Connecticut
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