Unity Bank SBA Loan to Fish And Seafood Markets Company
Unity Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New York entrepreneur who tapped into the power of SBA loans.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New York, New York was able to borrow $655,000 from Unity Bank. The SBA made the loan possible by guaranteeing $327,500 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: FISH AND SEAFOOD MARKETS
NEW YORK, NY 10003
SBA Loan Lender
UNITY BANK
1228 RTE 22 EAST
PHILLIPSBURG, NJ 08865
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445220 - Fish and Seafood Markets
Loan Approval Date
8/5/2004
Loan Approval Gross Amount
$655,000
Loan Approval from the SBA
Of the total $655,000 loan amount, the SBA guaranteed $327,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
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 $655,000 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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