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December 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Bowling Centers Loan | ||||
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Good Banks for Niagara Falls Business Owners
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Bank Loans for Bowling CentersWith these bank loans for bowling centers, the SBA guarantees the lender that the loan will be repaid. This bowling centers loan for $900,000 was given to a New York entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Niagara Falls, New York was able to borrow $900,000 from Valley National Bank. The SBA made the loan possible by guaranteeing $675,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: BOWLING CENTERS SBA Loan Lender VALLEY NATIONAL BANK 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. SIC Code 7933 - Bowling Centers NAICS Code 713950 - Bowling Centers Loan Approval Date 9/15/2000 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 90 employees. The SBA loan application for the borrower indicated that the loan would help generate 26 new jobs and retain 90 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours 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: Best North Plainfield, New Jersey Banks for Small Business
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