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December 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > Woori America Bank New York City Business Loans > Fruit And Vegetable Markets Loan | ||||
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New York Bank SBA Loans
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Business Loan from Woori America Bank Given to Fruit And Vegetable Markets CompanyAn SBA loan from Woori America Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Long Island City, New York business owner got a $179,900 loan. This business knew how to go about getting a business bank loan. Based in Long Island City, New York, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Woori America Bank, based in New York City, New York. SBA Loan Borrower COMPANY TYPE: FRUIT AND VEGETABLE MARKETS SBA Loan Lender WOORI AMERICA BANK 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. NAICS Code 445230 - Fruit and Vegetable Markets Loan Approval Date 7/8/2005 Loan Approval Gross Amount $179,900 Loan Approval from the SBA Of the total $179,900 loan amount, the SBA guaranteed $134,925. 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: How Much Venture Capital Is There? Small Business Banks in New York City, New York
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