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December 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Albany, Business Loans > New York Business Devel Corp Albany Business Loans > Offices And Clinics Of Optometrists Loan | ||||
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Banks in Albany, New York That Make SBA Loans
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Entrepreneur Works With Albany, New York Bank to Get an SBA LoanGet business loans from an Albany, New York bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. New York Business Devel Corp is a Albany, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF OPTOMETRISTS SBA Loan Lender NEW YORK BUSINESS DEVEL CORP This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8042 - Offices and Clinics of Optometrists NAICS Code 621320 - Optometrists Loan Approval Date 9/20/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from New York Business Devel Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Lenders in Albany, New York
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