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November 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Clinton, Business Loans > Unity Bank Clinton Business Loans > Hotels And Motels Loan | ||||
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Clinton, New Jersey Bank for SBA Loans
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Clinton, New Jersey Bank Lends Money to Hotels And Motels Company in Albany, New YorkWant to talk with a Clinton, New Jersey bank about a small business loan? Here's one New York business loan, issued by a Clinton bank, that was approved by the SBA. Applying for an SBA loan with Unity Bank worked out well for our friends at one local firm in Albany, New York. The business was able to get an SBA loan for $1,050,000. Way to go! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender UNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 4/18/2002 Loan Approval Gross Amount $1,050,000 Loan Approval from the SBA Of the total $1,050,000 loan amount, the SBA guaranteed $787,500. 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 22 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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: Find an SBA Lender in Clinton, New Jersey
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