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December 25, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > Flatbush Fed. S & L Association New York City Business Loans > Retail Stores Loan | ||||
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SBA Lenders for New York, New York Business Owners
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Cosmetics, Beauty Supplies, and Perfume Stores Business LoansLooking for business loans for cosmetics, beauty supplies, and perfume stores? Try the SBA. This $90,000 cosmetics, beauty supplies, and perfume stores loan was issued by a New York bank. Getting a small business loan in New York, New York was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Flatbush Fed. S & L Association, operating out of New York City, New York. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender FLATBUSH FED. S & L ASSOCIATION This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores NAICS Code 446120 - Cosmetics, Beauty Supplies, and Perfume Stores Loan Approval Date 7/12/2002 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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 6 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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. Related Links: Determining Proper Capital Structure for a Business SBA Approved Banks in New York City, New York
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