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November 14, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Commodity Contracts Dealing Loan | ||||
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Tips for Business Owners On Getting a Loan
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Getting an SBA Loan for Commodity Contracts DealingWith these commercial loans for commodity contracts dealing, the SBA guarantees the lender that the loan will be repaid. This commodity contracts dealing loan for $50,000 was given to an Illinois entrepreneur in 2008. This small business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Business Loan Center, LLC, out of New York, New York. The loan was granted and they received $50,000 to help grow their Chicago, Illinois business. SBA Loan Borrower COMPANY TYPE: COMMODITY CONTRACTS DEALING SBA Loan Lender BUSINESS LOAN CENTER, LLC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 523130 - Commodity Contracts Dealing Loan Approval Date 2/1/2008 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 application for the borrower indicated that the loan would help retain 1 existing job. 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. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Where to Get an SBA Loan in New York, New York
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