Raising Money for Elevator and Moving Stairway Manufacturing

With these business loans for elevator and moving stairway manufacturing, the SBA guarantees the lender that the loan will be repaid. This elevator and moving stairway manufacturing loan for $200,000 was given to a New Jersey entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Whippany, New Jersey was able to borrow $200,000 from Commerce Bank. The SBA made the loan possible by guaranteeing $150,000 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: ELEVATORS AND MOVING STAIRWAYS
WHIPPANY, NJ 07981

SBA Loan Lender

COMMERCE BANK
1 ROYAL RD
FLEMINGTON, NJ 08822

This lender provides SBA guaranteed bank 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.

SIC Code

3534 - Elevators and Moving Stairways

NAICS Code

333921 - Elevator and Moving Stairway Manufacturing

Loan Approval Date

8/10/2000

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 13 employees. The loan application indicated that the loan would help retain 13 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Commerce Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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