Where to Get Capital for Durable Goods Wholesalers
Looking for small business loans for durable goods wholesalers? The SBA may be the answer. This $350,000 durable goods wholesalers loan was issued by a New York bank.
Getting a small business loan in New York, New York was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Flushing Savings Bank, Fsb, operating out of New York City, New York. Here are the details on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: DURABLE GOODS WHOLESALERS
NEW YORK, NY 10002
SBA Loan Lender
FLUSHING SAVINGS BANK, FSB
33 IRVING PL
NEW YORK CITY, NY 10003
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
421990 - Durable Goods Wholesalers
Loan Approval Date
11/25/2002
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $262,500.
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 21 employees. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 30 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $350,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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