Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Fort Lee Lenders

 

 
Loan Census SBA Loan Info

Fort Lee, New Jersey Bank Lends Money to Interior Design Services Company in White Plains, New York

Get SBA loans from a Fort Lee, New Jersey bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Fort Lee Fed. Savings Bank Fsb is a Fort Lee, New Jersey small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company.

SBA Loan Borrower

COMPANY TYPE: INTERIOR DESIGN SERVICES
WHITE PLAINS, NY 10022

SBA Loan Lender

FORT LEE FED. SAVINGS BANK FSB
817 ABBOTT BLVD
FORT LEE, NJ 07024

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.

NAICS Code

541410 - Interior Design Services

Loan Approval Date

2/18/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 4 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to find business people willing to loan money, 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:

Attracting Investors

SBA 7A Banks in Fort Lee, New Jersey

SBA Participating Banks in New Jersey