Commercial Loans for Collection Agencies
Looking for commercial loans for collection agencies? The SBA may be the answer. This $50,000 collection agencies loan was issued by a New Jersey bank.
This small business knew how to go about getting a business bank loan. Based in Woodbridge, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Columbia Bank, based in Paramus, New Jersey.
SBA Loan Borrower
COMPANY TYPE: COLLECTION AGENCIES
WOODBRIDGE, NJ 07095
SBA Loan Lender
COLUMBIA BANK
RTE 4 EAST, STE 304, BERGEN M
PARAMUS, NJ 07652
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561440 - Collection Agencies
Loan Approval Date
7/7/2004
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
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 75 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 75 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
SBIR Funding
SBA 7A Banks for Paramus, New Jersey Loans
SBA Lenders in New Jersey