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December 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > Progressive Cu New York City Business Loans > Support Activities For Road Transportation Loan | ||||
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We Needed a Small Business Loan in Deer Park, New York and We Got One!
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Support Activities for Road Transportation Commercial LoansLooking for commercial loans for support activities for road transportation? Try the SBA. This $1,000,000 support activities for road transportation loan was issued by a New York bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Progressive Cu, out of New York City, New York. The loan was granted and they received $1,000,000 to help grow their Deer Park, New York business. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR ROAD TRANSPORTATION SBA Loan Lender PROGRESSIVE CU This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488490 - Support Activities for Road Transportation Loan Approval Date 5/23/2005 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 11 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 11 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Progressive Cu and they will explain how you can get an SBA loan for your company. 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: Who Lends Money to Small Businesses in New York City, New York
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