Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Albany, New York SBA Lenders

 

 
Loan Census SBA Loan Info

Albany, New York Lender Lends Money to Funeral Homes And Funeral Services Company

Thinking about meeting with an Albany, New York bank about an SBA loan? Here's one New York business loan, issued by an Albany bank, that was approved by the SBA.

Applying for an SBA loan with New York Business Devel Corp worked out well for our friends at one local business in Plattsburgh, New York. They got an SBA loan for $257,600. Great job!

SBA Loan Borrower

COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES
PLATTSBURGH, NY 12901

SBA Loan Lender

NEW YORK BUSINESS DEVEL CORP
50 BEAVER STREET, P.O. BOX 73
ALBANY, NY 12201

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

3/29/2006

Loan Approval Gross Amount

$257,600

Loan Approval from the SBA

Of the total $257,600 loan amount, the SBA guaranteed $193,200.

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 only one employee. The loan application indicated that the loan would help create 2 new jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $257,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

The Art of Bootstrapping

SBA Approved Banks in Albany, New York

New York SBA 7A Banks