Borrowing Money for Wood Product Manufacturing
With these loans for wood product manufacturing, the SBA guarantees the lender that the loan will be repaid. This wood product manufacturing loan for $45,000 was given to a New York entrepreneur in 2006.
This small firm knew how to go about getting a business bank loan. Based in Farmingdale, New York, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Citibank, based in New York City, New York.
SBA Loan Borrower
COMPANY TYPE: WOOD PRODUCT MANUFACTURING
FARMINGDALE, NY 11735
SBA Loan Lender
CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120
This debt financing 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
321999 - Wood Product Manufacturing
Loan Approval Date
7/28/2006
Loan Approval Gross Amount
$45,000
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $22,500.
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 10 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 10 existing jobs.
Getting an SBA Loan For Your Business
If you want money for new small business in Farmingdale NY, you ought to talk with a local Farmingdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Farmingdale businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
The Friends and Family Network
SBA Approved Banks in New York City, New York
SBA Lenders in New York