Washington - Today, U.S. Senator Robert Menendez announced that the U.S. Small Business Administration has given final approval to $26,588,500 federal loan applications for New Jersey businesses. The approvals come a week after President Obama signed the Small Business Jobs Act of 2010, which enhanced SBA's two largest loan programs by extending increased guarantees and reducing SBA fees. These federal loans will help jump-start local businesses, allowing them to expand and hire workers.

"Small businesses are the main job creation engine in our country, which is why we created this new program to help make available the loans they've been starving for during these tough times," said Menendez. "These federal loans and the private loans that will accompany them will help to stabilize New Jersey small businesses, allow them to expand and allow them to retain and hire workers. These loans are critical to our economic recovery, because small businesses are critical to our economic recovery."

The $26,588,500 in federal SBA loans have been approved for the following businesses:


STATE

BORROWER

CITY

CURRENT EMPLOYEES

JOBS CREATED

TOTAL APPROVED LOAN AMOUNT

NJ

$1.99 Any Garment Cleaners

Mahwah

2

0

$425,000

NJ

1813 Captain's Realty LLC (EPC

Forked River

1

40

$2,000,000

NJ

1st Light Energy Inc.

South Plainfield

35

10

$1,000,000

NJ

A & P Pork Store LLC

Eatontown

12

0

$600,000

NJ

Akshay Enterprises Inc.

Asbury Park

2

0

$375,000

NJ

Alpa Shah

North Brunswick

0

10

$212,500

NJ

Amaral Auto Sales

Lyndhurst

6

4

$1,620,000

NJ

ANB Management LLC (EPC) and S

Tenafly

2

0

$1,028,000

NJ

Ariana Alaj

Warren

12

4

$1,000,000

NJ

ARS TECHNOLOGIES INC.

New Brunswick

16

0

$400,000

NJ

Babb & Smith dba Dunkin Donuts

Long Valley

0

0

$730,000

NJ

BLEEDING DISORDERS RESOURCE NE

Riverdale

14

0

$300,000

NJ

Chatter Box Communications

Riverton

1

0

$225,000

NJ

Dunkin Donuts and Baskin Robbi

Paramus

2

15

$1,530,000

NJ

Elizabeth Ramirez MD LLC

Jersey City

1

3

$176,000

NJ

Entity (EPC) and Send 'em Pack

Bayville

0

0

$550,000

NJ

Entity to be Formed

Clementon

2

2

$800,000

NJ

Entity to be Formed

Mays Landing

5

8

$900,000

NJ

EXIGENT TECHNOLOGIES, LLC

Mount Arlington

30

0

$350,000

NJ

Fuddruckers

Parsippany

35

30

$529,000

NJ

Genesis Associates Inc.

Midland Park

4

0

$50,000

NJ

Horizon Marine Group

Toms River

1

3

$698,000

NJ

JEDH LLC

Hazlet

22

0

$377,000

NJ

JEMC Corp.

Manasquan

8

4

$500,000

NJ

John J. Royce, Jr.

Cedar Grove

2

6

$900,000

NJ

Mark Conca

Nutley

4

4

$500,000

NJ

MARY'S LITTLE LAMBS, LLC

Millville

1

5

$20,000

NJ

Max Alan Beauty L.L.C.

Bridgewater

1

7

$229,000

NJ

MELILLO ARCHITECTURE ASSOCIATE

Spring Lake Heights

5

0

$50,000

NJ

MOORE CONSULTING ENGINEERS, LL

Tabernacle

6

0

$150,000

NJ

NJ Spice Merchants LLC

Union

2

2

$150,000

NJ

Precise Continental

Carlstadt

40

15

$1,332,000

NJ

Richard & Terry Anderson (EPC)

Lambertville

2

0

$1,500,000

NJ

Shamy Smoothies, LLC DBA Smoot

Flemington

13

13

$150,000

NJ

Somerset Rehabilitation Service

Raritan

7

4

$400,000

NJ

Venice Bakery

Garfield

25