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December 24, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > New York City, Business Loans > Woori America Bank New York City Business Loans > Liquor Stores Loan | ||||
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SBA Lender New York City, New York
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New York City, New York Bank Gives SBA Loan to Liquor Stores CompanyA New York City, New York business loan can be yours. Learn how one firm got a $970,000 business loan from this New York bank. This loan to an entrepreneur is a good example of an SBA loan. Woori America Bank made the loan and the SBA guaranteed a portion of the loan. Many other Maryland entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LIQUOR STORES SBA Loan Lender WOORI AMERICA BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business 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 5921 - Liquor Stores NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 8/19/2005 Loan Approval Gross Amount $970,000 Loan Approval from the SBA Of the total $970,000 loan amount, the SBA guaranteed $727,500. 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 15 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $970,000 loan. Remember, you control your own destiny. 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 Banks in New York City, New York
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