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November 14, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > Citibank New York City Business Loans > Drinking Places Loan | ||||
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New York SBA 7A Lenders
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New York City, New York Bank Lends Money to Drinking Places Company in Huntington, New YorkWant to talk with a New York City, New York bank about an SBA loan? Here's one New York business loan, issued by a New York City bank, that was approved by the SBA. Applying for an SBA loan with Citibank worked out well for our friends at one local business in Huntington, New York. The business was able to get an SBA loan for $50,000. Nice! SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender CITIBANK This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5813 - Drinking Places NAICS Code 722410 - Drinking Places Loan Approval Date 9/5/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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. The loan application indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citibank and they will explain how you can get an SBA loan for your company. 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: Banks in New York City, New York
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