Commercial Loans for Sports and Recreation Instruction
Looking for commercial loans for sports and recreation instruction? Talk to a banker who works with the SBA. This $50,000 sports and recreation instruction loan was issued by a New York bank.
This business knew how to go about getting a business bank loan. Based in East Rockaway, New York, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Flushing Savings Bank, Fsb, based in New York City, New York.
SBA Loan Borrower
COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION
EAST ROCKAWAY, NY 11518
SBA Loan Lender
FLUSHING SAVINGS BANK, FSB
33 IRVING PL
NEW YORK CITY, NY 10003
The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
611620 - Sports and Recreation Instruction
Loan Approval Date
6/10/2004
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. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 20 employees. The SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs.
Next Steps for Getting an SBA Loan
If you are wondering how to raise money for a business in East Rockaway NY, you ought to talk with a local East Rockaway SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Rockaway businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Understanding Dilution
SBA Approved Banks in New York City, New York
SBA New York Banks