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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > The Bank Of New York New York City Business Loans > Eating Places Loan | ||||
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New York Bank SBA Loans
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The Bank Of New York SBA Loan to Eating Places CompanyLooking to get a New York business loan? Here's one New York business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Farmingdale, New York, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was The Bank Of New York, based in New York City, New York. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender THE BANK OF NEW YORK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 5/3/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 15 employees. This SBA loan request indicated that the funding would help generate 15 new jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Bank Of New York had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Bank Of New York 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. Related Links: Banking Deregulation's Effects on Entrepreneurship Where to Get an SBA Loan in New York City, New York Getting an SBA Loan in New York
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