SBA Loan from Suffolk Cnty National Bank - Riverh Helps Landscaping Services Company

An SBA loan from Suffolk Cnty National Bank - Riverh typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an East Hampton, New York business owner got a $38,000 loan.

This growing company knew how to go about getting a business bank loan. Based in East Hampton, New York, they applied for and received an SBA-guaranteed loan in 2008. The lending bank was Suffolk Cnty National Bank - Riverh, based in Riverhead, New York.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
EAST HAMPTON, NY 11937

SBA Loan Lender

SUFFOLK CNTY NATIONAL BANK - RIVERH
4 W 2ND ST
RIVERHEAD, NY 11901

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

561730 - Landscaping Services

Loan Approval Date

1/9/2008

Loan Approval Gross Amount

$38,000

Loan Approval from the SBA

Of the total $38,000 loan amount, the SBA guaranteed $19,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $38,000. How would you spend $38,000 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.

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New York SBA 7A Banks