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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Great Neck, Business Loans > Community National Bank Great Neck Business Loans > Funeral Homes And Funeral Services Loan | ||||
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Community National Bank Small Business Loan
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Business Loans for Funeral Homes and Funeral ServicesLooking for business loans for funeral homes and funeral services? Try the SBA. This $225,000 funeral homes and funeral services loan was issued by a New York bank. This small business knew how to go about getting a business bank loan. Based in Brooklyn, New York, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Community National Bank, based in Great Neck, New York. SBA Loan Borrower COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES SBA Loan Lender COMMUNITY NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 3/29/2007 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Community National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 for Great Neck, New York Loans
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