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December 19, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > New York, Business Loans > Grow America Fund Inc New York Business Loans > Hardware Stores Loan | ||||
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How to Get a Business Loan in Arecibo,
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Company Gets a Small Business LoanSBA loans in are are few and far betweeen these days. We take a look at one SBA loan, provided by a New York bank, that was approved by the SBA. You can learn something about getting a small business loan in Arecibo, by studying this loan to a local business, made back in 2001. Banks like Grow America Fund Inc may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender GROW AMERICA FUND INC As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 5/4/2001 Loan Approval Gross Amount $241,200 Loan Approval from the SBA Of the total $241,200 loan amount, the SBA guaranteed $180,900. 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 7 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA 7A Banks in New York, New York
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