Growing Company Gets a New York SBA Loan
Bank loans in New York are hard to find these days. We take a look at one New York bank loan, provided by a Rhode Island bank, that was approved by the SBA.
This small business, based in Brooklyn (borough Of New York), New York, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of America. We've got the inside scoop on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: GROCERIES, GENERAL LINE
BROOKLYN (BOROUGH OF NEW YORK), NY 11219
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
SIC Code
5141 - Groceries, General Line
NAICS Code
422410 - General Line Grocery Wholesalers
Loan Approval Date
9/18/2000
Loan Approval Gross Amount
$49,300
Loan Approval from the SBA
Of the total $49,300 loan amount, the SBA guaranteed $24,650.
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 documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
We can help you find the best banks for small businesses in Brooklyn (borough Of New York) 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:
Role of Business Plan When Raising Money
Find an SBA Lender in Providence, Rhode Island
Getting an SBA Loan in Rhode Island