Innovative Bank Gives SBA Loan to Lawyers Company
Looking to get a New York small business loan? This New York entrepreneur got a small business loan, provided by a California bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Hempstead, New York by studying this loan to a local company, made back in 2007. Banks like Innovative Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: LAWYERS
HEMPSTEAD, NY 11550
SBA Loan Lender
INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612
This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541110 - Lawyers
Loan Approval Date
6/15/2007
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $12,750.
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. This SBA loan request indicated that the loan would help create 1 new job.
Great, But How Can I Get an SBA Loan for My Business?
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
We can help you find the best banks for small businesses in Hempstead or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
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