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December 22, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Lynbrook Small Business Owners

 

 
Loan Census SBA Loan Info

Lynbrook, New York Entrepreneur Gets a Small Business Loan

Want a New York small business loan? This New York entrepreneur got a small business loan, provided by a Virginia bank that works with the SBA to help small business owners.

Getting a small business loan in Lynbrook, New York was a top priority for this small company back in 2007 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: COMMERCIAL BAKERIES
LYNBROOK, NY 11563

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

This bank 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

311812 - Commercial Bakeries

Loan Approval Date

6/18/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Capital One so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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