Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

I Need a Small Business Loan in New York, New York

 

 
Loan Census SBA Loan Info

Raising Money for Toilet Preparation Manufacturing

Looking for business loans for toilet preparation manufacturing? Talk to a banker who works with the SBA. This $100,000 toilet preparation manufacturing loan was issued by a New York bank.

Getting a small business loan in New York, New York was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Park Avenue Bank, operating out of New York City, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: TOILET PREPARATION MANUFACTURING
NEW YORK, NY 10021

SBA Loan Lender

THE PARK AVENUE BANK
460 PARK AVE, 13TH FL
NEW YORK CITY, NY 10022

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325620 - Toilet Preparation Manufacturing

Loan Approval Date

10/12/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $90,000.

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 4 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Microlending as a Small Business Funding Source

Best Banks in New York City, New York

Find an SBA Lender in New York