Riverhead, New York Bank Gives SBA Loan to Residential Property Managers Company

Get to know Riverhead, New York banks that specialize in business loans and know how to work with entrepreneurs. Suffolk Cnty National Bank - Riverh is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Montauk, New York starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Suffolk Cnty National Bank - Riverh. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL PROPERTY MANAGERS
MONTAUK, NY 11954

SBA Loan Lender

SUFFOLK CNTY NATIONAL BANK - RIVERH
4 W 2ND ST
RIVERHEAD, NY 11901

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

531311 - Residential Property Managers

Loan Approval Date

1/8/2007

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

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 27 employees. This SBA loan request indicated that the loan would help retain 27 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Montauk NY, you ought to talk with a local Montauk SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Montauk 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 Suffolk Cnty National Bank - Riverh 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.

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