Washington, District of Columbia Bank Lends Money to Top And Body Repair And Paint Shops Company in Newburgh, New York
Get SBA loans from a Washington, District of Columbia bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Loans From Old Closed Lenders is a Washington, District of Columbia small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company.
SBA Loan Borrower
COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS
NEWBURGH, NY 12550
SBA Loan Lender
LOANS FROM OLD CLOSED LENDERS
409 3RD STREET S.W., SUITE 83
WASHINGTON, DC 20416
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7532 - Top and Body Repair and Paint Shops
NAICS Code
811121 - Automotive Body, Paint, and Interior Repair and Maintenance
Loan Approval Date
1/6/2000
Loan Approval Gross Amount
$765,000
Loan Approval from the SBA
Of the total $765,000 loan amount, the SBA guaranteed $573,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 6 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to raise money for a business in Newburgh NY, you ought to talk with a local Newburgh SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Newburgh businesses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Loans From Old Closed Lenders had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Loans From Old Closed Lenders made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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