Loans for Limousine Service

Looking for loans for limousine service? The SBA may be the answer. This $450,000 limousine service loan was issued by a New York bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Flushing Savings Bank, Fsb, out of New York City, New York. The loan was granted and they received $450,000 to help grow their Palisades Park, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: LIMOUSINE SERVICE
PALISADES PARK, NJ 07650

SBA Loan Lender

FLUSHING SAVINGS BANK, FSB
33 IRVING PL
NEW YORK CITY, NY 10003

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.

NAICS Code

485320 - Limousine Service

Loan Approval Date

5/3/2006

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

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 33 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 35 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Palisades Park NJ, you ought to talk with a local Palisades Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palisades Park businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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.

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