Where to Get Capital for Individual and Family Services

Looking for small business loans for individual and family services? Try the SBA. This $28,700 individual and family services loan was issued by a Rhode Island bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bay Shore, New York was able to borrow $28,700 from Bank Of America. The SBA made the loan possible by guaranteeing $14,350 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: INDIVIDUAL AND FAMILY SERVICES
BAY SHORE, NY 11706

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

624190 - Individual and Family Services

Loan Approval Date

11/28/2000

Loan Approval Gross Amount

$28,700

Loan Approval from the SBA

Of the total $28,700 loan amount, the SBA guaranteed $14,350.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Bay Shore NY, you ought to talk with a local Bay Shore SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bay Shore businesses.

This SBA loan was for $28,700. How would you spend $28,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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