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December 31, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Polystyrene Foam Product Manufacturing Loan | ||||
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Valley National Bank Business Loans
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SBA Loans for Polystyrene Foam Product ManufacturingLooking for SBA loans for polystyrene foam product manufacturing? An SBA loan may be just what you've been looking for. This $700,000 polystyrene foam product manufacturing loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Seneca, New York was able to borrow $700,000 from Valley National Bank. The SBA made the loan possible by guaranteeing $525,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: POLYSTYRENE FOAM PRODUCT MANUFACTURING SBA Loan Lender VALLEY NATIONAL BANK This lender provides SBA small 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 326140 - Polystyrene Foam Product Manufacturing Loan Approval Date 9/30/2002 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. 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 15 employees. This SBA loan request indicated that the loan would help generate 25 new jobs and retain 15 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Valley National Bank and they will explain how you can get an SBA loan for your company. 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 Approved Banks in North Plainfield, New Jersey
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