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November 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Offices And Clinics Of Doctors Of Medicine Loan | ||||
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New Jersey Bank SBA Loans
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Valley National Bank SBA Loan to Offices And Clinics Of Doctors Of Medicine CompanySearching for a New York SBA loan? Here's one New York business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Holbrook, New York, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Valley National Bank, based in North Plainfield, New Jersey. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE SBA Loan Lender VALLEY NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8011 - Offices and Clinics of Doctors of Medicine Loan Approval Date 5/25/2000 Loan Approval Gross Amount $351,000 Loan Approval from the SBA Of the total $351,000 loan amount, the SBA guaranteed $263,250. 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 10 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in Holbrook NY, you ought to talk with a local Holbrook SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Holbrook businesses. 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 Valley National Bank 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: SBA 7A Lenders in North Plainfield, New Jersey
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