SBA Loans for Food Crops Grown Under Cover

With these SBA loans for food crops grown under cover, the SBA guarantees the lender that the loan will be repaid. This food crops grown under cover loan for $1,250,000 was given to a New York entrepreneur in 2004.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Unity Bank, out of Phillipsburg, New Jersey. The loan was granted and they received $1,250,000 to help grow their Pawling, New York business.

SBA Loan Borrower

COMPANY TYPE: FOOD CROPS GROWN UNDER COVER
PAWLING, NY 12564

SBA Loan Lender

UNITY BANK
1228 RTE 22 EAST
PHILLIPSBURG, NJ 08865

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

111419 - Food Crops Grown Under Cover

Loan Approval Date

7/16/2004

Loan Approval Gross Amount

$1,250,000

Loan Approval from the SBA

Of the total $1,250,000 loan amount, the SBA guaranteed $937,500.

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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for a small 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.

Related Links:

Obtaining Funding - How to Decide How Much to Raise

Small Bank Loans in Phillipsburg, New Jersey

New Jersey SBA Banks