Mount Vernon, New York Business Gets SBA-Guaranteed Funding from Hudson Valley Bank

Hudson Valley Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a New York entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Mount Vernon, New York was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Hudson Valley Bank, operating out of Yonkers, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: BEER AND ALE WHOLESALERS
MOUNT VERNON, NY 10552

SBA Loan Lender

HUDSON VALLEY BANK
21 SCARSDALE RD
YONKERS, NY 10707

The lender provided this SBA 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

422810 - Beer and Ale Wholesalers

Loan Approval Date

5/3/2001

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 a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the funding would help create 3 new jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Mount Vernon NY, you ought to talk with a local Mount Vernon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mount Vernon businesses.

We can help you find the best banks for small businesses in Mount Vernon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Friends and Family Network

Small Bank Loans in Yonkers, New York

New York SBA Bank Lenders