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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Centereach, Business Loans > Community Building Fund, LLC Centereach Business Loans > Landscaping Services Loan | ||||
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SBA Loan from Community Building Fund, LLC
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SBA Loan from Community Building Fund, LLC Helps Landscaping Services CompanyCommunity Building Fund, LLC is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New York entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Old Bethpage, New York, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Community Building Fund, LLC, based in Centereach, New York. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender COMMUNITY BUILDING FUND, LLC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561730 - Landscaping Services Loan Approval Date 12/5/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Dealing With Venture Capitalists Best Banks for Small Business in Centereach, New York Getting a Business Loan in New York
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