Hazardous Waste Treatment and Disposal Loans
With these loans for hazardous waste treatment and disposal, the SBA guarantees the lender that the loan will be repaid. This hazardous waste treatment and disposal loan for $75,000 was given to a New York entrepreneur in 2001.
This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Citibank, out of New York City, New York. The loan was granted and they received $75,000 to help grow their Massapequa, New York business.
SBA Loan Borrower
COMPANY TYPE: HAZARDOUS WASTE TREATMENT AND DISPOSAL
MASSAPEQUA, NY 11758
SBA Loan Lender
CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
562211 - Hazardous Waste Treatment and Disposal
Loan Approval Date
8/23/2001
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. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.
Next Steps for Getting an SBA Loan
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.
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:
Understanding Dilution
Where to Get an SBA Loan in New York City, New York
Find an SBA Lender in New York