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December 22, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Full-Service Restaurants Loan | ||||
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I Need a Small Business Loan in Woodstock Valley, Connecticut
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Raising Money for Full-Service RestaurantsLooking for bank loans for full-service restaurants? Try the SBA. This $245,000 full-service restaurants loan was issued by a New Jersey bank. This small firm knew how to go about getting a business bank loan. Based in Woodstock Valley, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Valley National Bank, based in North Plainfield, New Jersey. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender VALLEY NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/13/2001 Loan Approval Gross Amount $245,000 Loan Approval from the SBA Of the total $245,000 loan amount, the SBA guaranteed $183,750. 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 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours 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: Best North Plainfield, New Jersey Banks for Small Business
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