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November 15, 2024  
 
 
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We Needed an SBA Loan in Woodbridge, New Jersey and We Got One!

 

 
Loan Census SBA Loan Info

Financing for Jewelry Stores

Looking for loans for jewelry stores? An SBA loan may be just what you've been looking for. This $400,000 jewelry stores loan was issued by a Rhode Island bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Woodbridge, New Jersey was able to borrow $400,000 from Bank Of America. The SBA made the loan possible by guaranteeing $300,000 of this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
WOODBRIDGE, NJ 07095

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This lender provides SBA guaranteed 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

448310 - Jewelry Stores

Loan Approval Date

12/6/2001

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Woodbridge NJ, you ought to talk with a local Woodbridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woodbridge businesses.

While you may be able to find other ways to get money to start a business, 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:

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