SBA Loans for Radio, Television, and Electronics Stores

Looking for SBA loans for radio, television, and electronics stores? Talk to a banker who works with the SBA. This $25,000 radio, television, and electronics stores loan was issued by a New York bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Citibank, out of New York City, New York. The loan was granted and they received $25,000 to help grow their Bay Shore, New York business.

SBA Loan Borrower

COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES
BAY SHORE, NY 11706

SBA Loan Lender

CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

3/8/2006

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citibank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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