Entrepreneur Works With New York, New York Bank to Get an SBA Loan
Thinking about meeting with a New York, New York bank about an SBA loan? Here's one Texas business loan, issued by a New York bank, that was approved by the SBA.
Applying for an SBA loan with Business Loan Center, LLC worked out well for our friends at one local company in Fort Worth, Texas. The business was able to get an SBA loan for $733,500. Sweet!
SBA Loan Borrower
COMPANY TYPE: CONVENIENCE STORES
FORT WORTH, TX 76115
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
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
445120 - Convenience Stores
Loan Approval Date
6/29/2005
Loan Approval Gross Amount
$733,500
Loan Approval from the SBA
Of the total $733,500 loan amount, the SBA guaranteed $550,125.
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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Borrowing Money from Friends and Family
SBA 7A Lenders in New York, New York
SBA New York Banks