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November 14, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Yonkers, Business Loans > Hudson Valley Bank Yonkers Business Loans > Electrical Contractors Loan | ||||
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Hudson Valley Bank Bronx (borough Of New York), New York
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Hudson Valley Bank SBA Loan to Electrical Contractors CompanyHudson Valley Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a New York entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bronx (borough Of New York), New York was able to borrow $526,000 from Hudson Valley Bank. The SBA made the loan possible by guaranteeing $394,500 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS SBA Loan Lender HUDSON VALLEY BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235310 - Electrical Contractors Loan Approval Date 11/21/2000 Loan Approval Gross Amount $526,000 Loan Approval from the SBA Of the total $526,000 loan amount, the SBA guaranteed $394,500. 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 12 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 12 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Small Bank Loans in Yonkers, New York
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