Raising Money for Drywall and Insulation Contractors
Looking for bank loans for drywall and insulation contractors? Talk to a banker who works with the SBA. This $50,000 drywall and insulation contractors loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Douglaston, New York was able to borrow $50,000 from Capital One. The SBA made the loan possible by guaranteeing $25,000 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS
DOUGLASTON, NY 11363
SBA Loan Lender
CAPITAL ONE
275 BROADHOLLOW RD
MELVILLE, NY 11747
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
238310 - Drywall and Insulation Contractors
Loan Approval Date
5/23/2006
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
We can help you find the best banks for small businesses in Douglaston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Business Incubators
SBA Participating Banks in Melville, New York
SBA New York Banks