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November 15, 2024  
 
 
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Who Lends Money to New York Small Businesses

 

 
Loan Census SBA Loan Info

Company Gets a New York Small Business Loan

New YorkSBA loans are available to New York entrepreneurs through the SBA. In this case, a New York bank provides the loan.

Getting a small business loan in New York, New York was a top priority for this particular business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
NEW YORK, NY 10013

SBA Loan Lender

CAPITAL ONE
275 BROADHOLLOW RD
MELVILLE, NY 11747

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541519 - Computer Related Services

Loan Approval Date

3/21/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 Capital One 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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