Confectionery Wholesalers Loans
Looking for loans for confectionery wholesalers? An SBA loan may be just what you've been looking for. This $50,000 confectionery wholesalers loan was issued by a Rhode Island bank.
This company knew how to go about getting a business bank loan. Based in East Farmingdale, New York, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of America, based in Providence, Rhode Island.
SBA Loan Borrower
COMPANY TYPE: CONFECTIONERY WHOLESALERS
EAST FARMINGDALE, NY 11735
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
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
422450 - Confectionery Wholesalers
Loan Approval Date
7/19/2001
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 an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 6 employees. The loan application indicated that the loan would help generate 1 new job and retain 7 existing jobs.
Next Steps for Getting an SBA Loan
If you have been wondering how do i get money to start a business in East Farmingdale NY, you ought to talk with a local East Farmingdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Farmingdale businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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 Cash Advances
Best Banks for Small Business in Providence, Rhode Island
Rhode Island SBA 7A Lenders