Financing for Recyclable Material Wholesalers
Looking for commercial loans for recyclable material wholesalers? Talk to a banker who works with the SBA. This $50,000 recyclable material wholesalers loan was issued by a New York bank.
This business knew how to go about getting a business bank loan. Based in Oceanside, New York, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Banco Popular North America, based in New York City, New York.
SBA Loan Borrower
COMPANY TYPE: RECYCLABLE MATERIAL WHOLESALERS
OCEANSIDE, NY 11572
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
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.
NAICS Code
421930 - Recyclable Material Wholesalers
Loan Approval Date
9/17/2003
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $37,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
We can help you find the best banks for small businesses in Oceanside or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
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Find an SBA Lender in New York City, New York
SBA Participating Banks in New York