Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Banks in New York

 

 
Loan Census SBA Loan Info

Physicians Business Loans

With these business loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $50,000 was given to a New York entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in New York, New York, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Citibank, based in New York City, New York.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
NEW YORK, NY 10010

SBA Loan Lender

CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

621111 - Physicians

Loan Approval Date

2/26/2003

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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

VC Firms on Twitter

SBA Participating Banks in New York City, New York

Getting an SBA Loan in New York