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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Melville, Business Loans > Capital One Melville Business Loans > Advertising Loan | ||||
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Melville, New York SBA Banks
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Melville, New York Bank Gives SBA Loan to Advertising CompanyThinking about meeting with a Melville, New York bank about an SBA loan? Here's one New York business loan, issued by a Melville bank, that was approved by the SBA. Applying for an SBA loan with Capital One worked out well for our friends at one local firm in New York, New York. They received an SBA loan for $50,000. Nice! SBA Loan Borrower COMPANY TYPE: ADVERTISING SBA Loan Lender CAPITAL ONE This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7319 - Advertising Loan Approval Date 3/15/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $50,000 loan. Remember, anyone can do it... so why not you? 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 Banks in Melville, New York
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