New York City, New York Bank Gives SBA Loan to Automotive Exhaust System Repair Shops Company
Get small business loans from a New York City, New York 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.
Flushing Savings Bank, Fsb is a New York City, New York 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: AUTOMOTIVE EXHAUST SYSTEM REPAIR SHOPS
NORTH BAY SHORE, NY 11706
SBA Loan Lender
FLUSHING SAVINGS BANK, FSB
1979 MARCUS AVE, STE E140
NEW YORK CITY, NY 11042
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
7533 - Automotive Exhaust System Repair Shops
NAICS Code
811112 - Automotive Exhaust System Repair
Loan Approval Date
8/15/2000
Loan Approval Gross Amount
$320,000
Loan Approval from the SBA
Of the total $320,000 loan amount, the SBA guaranteed $240,000.
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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
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.
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