New York Bank Loan Issued to Painting And Wall Covering Contractors Company
New YorkBank loans are available to New York firms through the SBA. In this case, a Virginia bank provides the loan.
Getting a small business loan in Lancaster, New York was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: PAINTING AND WALL COVERING CONTRACTORS
LANCASTER, NY 14086
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
238320 - Painting and Wall Covering Contractors
Loan Approval Date
4/6/2006
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 14 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 14 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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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