New York, New York Lender Lends Money to Machine Shops Company

Find New York, New York banks that specialize in small business loans and know how to work with entrepreneurs. Grow America Fund Inc is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in El Monte, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Grow America Fund Inc. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
EL MONTE, CA 91733

SBA Loan Lender

GROW AMERICA FUND INC
708 THIRD AVENUE, SUITE 710
NEW YORK, NY 10017

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

4/23/2003

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

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 8 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in El Monte CA, you ought to talk with a local El Monte SBA lender or talk with an out-of-area SBA lender that has previously loaned money to El Monte businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Grow America Fund Inc had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Grow America Fund Inc made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Small Bank Loans in New York, New York

Getting an SBA Loan in New York