Union (township Of), New Jersey Business Gets SBA-Guaranteed Funding from Hopewell Valley Community Bank

An SBA loan from Hopewell Valley Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Union (township Of), New Jersey business owner got a $14,300 loan.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Hopewell Valley Community Bank, out of Pennington, New Jersey. The loan was granted and they received $14,300 to help grow their Union (township Of), New Jersey business.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
UNION (TOWNSHIP OF), NJ 07083

SBA Loan Lender

HOPEWELL VALLEY COMMUNITY BANK
4 RTE 31 SOUTH
PENNINGTON, NJ 08534

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

441229 - Motor Vehicle Dealers

Loan Approval Date

5/5/2005

Loan Approval Gross Amount

$14,300

Loan Approval from the SBA

Of the total $14,300 loan amount, the SBA guaranteed $7,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Obtaining Funding - Getting Venture Capital

Small Business Banks in Pennington, New Jersey

New Jersey SBA Banks