Grow America Fund Inc SBA Loan to Eating Places Company

An SBA loan from Grow America Fund Inc typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kingston, New York business owner got a $179,500 loan.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Grow America Fund Inc, out of New York, New York. The loan was granted and they received $179,500 to help grow their Kingston, New York business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
KINGSTON, NY 12401

SBA Loan Lender

GROW AMERICA FUND INC
708 THIRD AVENUE, SUITE 710
NEW YORK, NY 10017

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/9/2000

Loan Approval Gross Amount

$179,500

Loan Approval from the SBA

Of the total $179,500 loan amount, the SBA guaranteed $134,625.

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 12 employees. The loan application indicated that the loan would help create 12 new jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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