Entrepreneur Works With New York City, New York Bank to Get an SBA Loan
Find New York City, New York banks that specialize in SBA loans and know how to work with entrepreneurs. Citibank is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Port Hueneme, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Citibank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES
PORT HUENEME, CA 93041
SBA Loan Lender
CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120
The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
451130 - Sewing, Needlework, and Piece Goods Stores
Loan Approval Date
10/10/2006
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
If you are working on finding money to start a business in Port Hueneme CA, you ought to talk with a local Port Hueneme SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Port Hueneme businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $10,000 loan. Remember, feel the fear, and do it anyway.
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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