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November 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > San Francisco, Business Loans > United Commercial Bank San Francisco Business Loans > Schools And Instruction Loan | ||||
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New York SBA Loan from United Commercial Bank
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SBA Loan from United Commercial Bank Helps Schools And Instruction CompanyUnited Commercial 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. Getting a small business loan in New York, New York was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from United Commercial Bank, operating out of San Francisco, California. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: SCHOOLS AND INSTRUCTION SBA Loan Lender UNITED COMMERCIAL BANK This lender processed this SBA 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 611699 - Schools and Instruction Loan Approval Date 1/8/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 23 employees. The SBA loan documents indicated that the loan would help retain 23 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in New York NY, you ought to talk with a local New York SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New York businesses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from United Commercial 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: Good Banks for Small Business in San Francisco, California
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