Commercial Loans for Book Stores
Looking for commercial loans for book stores? Try the SBA. This $100,000 book stores loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montauk, New York was able to borrow $100,000 from Suffolk Cnty National Bank - Riverh. The SBA made the loan possible by guaranteeing $85,000 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: BOOK STORES
MONTAUK, NY 11954
SBA Loan Lender
SUFFOLK CNTY NATIONAL BANK - RIVERH
295 N SEA RD
SOUTHAMPTON, NY 11968
This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
451211 - Book Stores
Loan Approval Date
1/18/2005
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $85,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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