Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Business Loans for Fort Lee Small Businesses

 

 
Loan Census SBA Loan Info

Public Relations Agencies Bank Loans

Looking for bank loans for public relations agencies? The SBA may be the answer. This $200,000 public relations agencies loan was issued by a New York bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Woori America Bank, out of New York City, New York. The loan was granted and they received $200,000 to help grow their Fort Lee, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: PUBLIC RELATIONS AGENCIES
FORT LEE, NJ 07024

SBA Loan Lender

WOORI AMERICA BANK
1250 BROADWAY & 32ND ST
NEW YORK CITY, NY 10001

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

541820 - Public Relations Agencies

Loan Approval Date

3/23/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

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 loan application indicated that the loan would help retain 1 existing job.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Woori America Bank and they will explain how you can get an SBA loan for your company.

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:

Realistic Debt Financing Options

Who Lends Money to Small Businesses in New York City, New York

SBA Lenders in New York