Bank Of America Gives Business Loan to Real Estate Agents And Brokers Company
Would a New York bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Rhode Island bank, which offers SBA loans to New York entrepreneurs.
Getting a small business loan in Fort Tilden (u.S. Army), New York was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS
FORT TILDEN (U.S. ARMY), NY 11375
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
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
531210 - Real Estate Agents and Brokers
Loan Approval Date
3/16/2004
Loan Approval Gross Amount
$26,500
Loan Approval from the SBA
Of the total $26,500 loan amount, the SBA guaranteed $13,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. 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.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $26,500 loan. Remember, anyone can do it... so why not you?
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:
Role of Business Plan When Raising Money
SBA Approved Banks in Providence, Rhode Island
SBA Rhode Island Lenders