Bank Loans for New Single-Family Housing Construction
With these bank loans for new single-family housing construction, the SBA guarantees the lender that the loan will be repaid. This new single-family housing construction loan for $19,000 was given to a New York entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bay Shore, New York was able to borrow $19,000 from Bank Of America. The SBA made the loan possible by guaranteeing $9,500 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: NEW SINGLE-FAMILY HOUSING CONSTRUCTION
BAY SHORE, NY 11706
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
236115 - New Single-Family Housing Construction
Loan Approval Date
11/12/2003
Loan Approval Gross Amount
$19,000
Loan Approval from the SBA
Of the total $19,000 loan amount, the SBA guaranteed $9,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The loan application indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
If you need business start up money 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.
We can help you find the best banks for small businesses in Bay Shore or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Business Line of Credit
Find an SBA Lender in Providence, Rhode Island
SBA Rhode Island Lenders