Clinton, New Jersey Bank Lends Money to Full-Service Restaurants Company in Union (unionbury), New Jersey
Want to talk with a Clinton, New Jersey bank about a business 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 business in Union (unionbury), New Jersey. They got an SBA loan for $274,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
UNION (UNIONBURY), NJ 07083
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
This lender provides SBA 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
8/15/2001
Loan Approval Gross Amount
$274,000
Loan Approval from the SBA
Of the total $274,000 loan amount, the SBA guaranteed $205,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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 - How to Borrow Money
SBA 7A Banks in Clinton, New Jersey
Browse All Business Loan Sources for New Jersey