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November 21, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Orthopedic, Prosthetic And Other Surgical Supplies Loan | ||||
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Business Loan Center, LLC SBA Loans
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Surgical Appliance and Supplies Manufacturing Business LoansLooking for business loans for surgical appliance and supplies manufacturing? The SBA may be the answer. This $850,000 surgical appliance and supplies manufacturing loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bristol, New Hampshire was able to borrow $850,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $637,500 of this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: ORTHOPEDIC, PROSTHETIC AND OTHER SURGICAL SUPPLIES SBA Loan Lender BUSINESS LOAN CENTER, LLC The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3842 - Orthopedic, Prosthetic and Other Surgical Supplies NAICS Code 339113 - Surgical Appliance and Supplies Manufacturing Loan Approval Date 5/25/2000 Loan Approval Gross Amount $850,000 Loan Approval from the SBA Of the total $850,000 loan amount, the SBA guaranteed $637,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 70 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Where to Get an SBA Loan New York
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