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December 22, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Hotels And Motels Loan | ||||
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SBA Lender New York
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New York, New York Bank Lends Money to Hotels And Motels Company in Georgetown, South CarolinaWant to talk with a New York, New York bank about a small business loan? Here's one South Carolina business loan, issued by a New York bank, that was approved by the SBA. Applying for an SBA loan with Newtek Small Business Finance Inc. worked out well for our friends at one local firm in Georgetown, South Carolina. They received an SBA loan for $120,000. Great job! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/18/2000 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $90,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Newtek Small Business Finance Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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: Obtaining Funding From a Venture Capitalist Best Banks in New York, New York
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