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November 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Clinton, Business Loans > Unity Bank Clinton Business Loans > Photography Studios, Portrait Loan | ||||
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Clinton, New Jersey SBA Banks
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Clinton, New Jersey Bank Lends Money to Photography Studios, Portrait Company in Bayshore, New YorkThinking about meeting with a Clinton, New Jersey bank about a small business loan? Here's one New York business loan, issued by a Clinton bank, that was approved by the SBA. Applying for an SBA loan with Unity Bank worked out well for our friends at one local firm in Bayshore, New York. They got an SBA loan for $331,700. Way to go! SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHY STUDIOS, PORTRAIT SBA Loan Lender UNITY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 11/6/2007 Loan Approval Gross Amount $331,700 Loan Approval from the SBA Of the total $331,700 loan amount, the SBA guaranteed $248,775. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 4 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Unity Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Accountant's Role in Securing Financing
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