Windsor, New Jersey Business Gets SBA-Guaranteed Funding from Fulton Bank

An SBA loan from Fulton Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Windsor, New Jersey business owner got a $80,000 loan.

Getting a small business loan in Windsor, New Jersey was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Fulton Bank, operating out of Doylestown, Pennsylvania. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
WINDSOR, NJ 08561

SBA Loan Lender

FULTON BANK
379 N MAIN ST
DOYLESTOWN, PA 18901

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/3/2000

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $64,000.

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 10 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fulton Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fulton Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Strategic Investors

Small Business Banks in Doylestown, Pennsylvania

Where to Get an SBA Loan Pennsylvania