 |
 |
December 19, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New York Business Loan Sources > Melville, Business Loans > Capital One Melville Business Loans > Electronic Shopping Loan | ||||
 |
||||
Capital One Small Business Loan
|
||||
 |
Financing for Electronic ShoppingWith these commercial loans for electronic shopping, the SBA guarantees the lender that the loan will be repaid. This electronic shopping loan for $15,000 was given to a New York entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nesconset, New York was able to borrow $15,000 from Capital One. The SBA made the loan possible by guaranteeing $7,500 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRONIC SHOPPING SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 454111 - Electronic Shopping Loan Approval Date 12/21/2005 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $15,000. How would you spend $15,000 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. Related Links: Best Melville, New York Banks for Small Business
|
|
||
|
||||
|
|
||||