Getting an SBA Loan for Lawyers
Looking for business loans for lawyers? The SBA may be the answer. This $100,000 lawyers loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New York, New York was able to borrow $100,000 from Citibank. The SBA made the loan possible by guaranteeing $50,000 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: LEGAL SERVICES
NEW YORK, NY 10013
SBA Loan Lender
CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120
This 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.
SIC Code
8111 - Legal Services
NAICS Code
541110 - Lawyers
Loan Approval Date
5/24/2000
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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