Bethpage, New York Entrepreneur Gets a Bank Loan
New YorkSmall business loans are available to New York small business owners through the SBA. In this case, a New York bank provides the loan.
Getting a small business loan in Bethpage, New York was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Citibank. Here are the details on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: TRANSPORTATION EQUIPMENT MANUFACTURING
BETHPAGE, NY 11714
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
336999 - Transportation Equipment Manufacturing
Loan Approval Date
6/1/2004
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to find business people willing to loan money, 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.
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