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November 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Newtown, Business Loans > Sovereign Bank Newtown Business Loans > Commercial Printing Loan | ||||
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Get a Small Business Loan from Sovereign Bank
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Business Loan from Sovereign Bank Given to Commercial Printing CompanyAn SBA loan from Sovereign Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Union Beach, New Jersey business owner got a $35,000 loan. This growing company knew how to go about getting a business bank loan. Based in Union Beach, New Jersey, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Sovereign Bank, based in Newtown, Pennsylvania. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender SOVEREIGN BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2759 - Commercial Printing NAICS Code 323114 - Quick Printing Loan Approval Date 10/15/2001 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $29,750. 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks in Newtown, Pennsylvania
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