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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Boat Dealers Loan | ||||
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Banks That Lend to New York Entrepreneurs
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Company Gets a New York SBA LoanNew YorkSBA loans are available to New York entrepreneurs through the SBA. In this case, a New Jersey bank provides the loan. You can learn something about getting a small business loan in Mayfield, New York by studying this loan to a local business, made back in 2004. Banks like Isn Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: BOAT DEALERS SBA Loan Lender ISN BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5551 - Boat Dealers NAICS Code 441222 - Boat Dealers Loan Approval Date 4/21/2004 Loan Approval Gross Amount $441,700 Loan Approval from the SBA Of the total $441,700 loan amount, the SBA guaranteed $331,275. 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 11 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. 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. 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. Related Links: Find an SBA Lender in Cherry Hill, New Jersey
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