Citibank SBA Loan to Business Services Company
Want a New York SBA loan? Here's one New York business loan that was approved by the SBA.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New York, New York was able to borrow $34,500 from Citibank. The SBA made the loan possible by guaranteeing $17,250 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: BUSINESS SERVICES
NEW YORK, NY 10012
SBA Loan Lender
CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120
This lender processed this small 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.
SIC Code
7389 - Business Services
Loan Approval Date
3/30/2000
Loan Approval Gross Amount
$34,500
Loan Approval from the SBA
Of the total $34,500 loan amount, the SBA guaranteed $17,250.
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 loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Direct Public Offerings
SBA 7A Banks for New York City, New York Loans
SBA Lenders in New York