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November 14, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > Lawyers Loan | ||||
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How to Get an SBA Loan in New York, New York
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New York SBA Loan Issued to Lawyers CompanyNew YorkSBA loans are available to New York entrepreneurs through the SBA. In this case, a Pennsylvania bank provides the loan. Getting a small business loan in New York, New York was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender COMMERCE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541110 - Lawyers Loan Approval Date 5/25/2004 Loan Approval Gross Amount $310,600 Loan Approval from the SBA Of the total $310,600 loan amount, the SBA guaranteed $232,950. 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. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs. 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. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: The Friends and Family Network Best Banks in Philadelphia, Pennsylvania
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