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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Farmingville, Business Loans > Teachers Fcu Farmingville Business Loans > Packaging And Labeling Services Loan | ||||
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Best Banks for Business Owners in New York
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Local Business Gets a New York Business LoanWant a New York business loan? This New York entrepreneur got a business loan, provided by a New York bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Ridge, New York by studying this loan to a local business, made back in 2006. Banks like Teachers Fcu may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: PACKAGING AND LABELING SERVICES SBA Loan Lender TEACHERS FCU This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 561910 - Packaging and Labeling Services Loan Approval Date 11/2/2006 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. 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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Teachers Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Teachers Fcu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 From a Venture Capitalist Best Farmingville, New York Banks for Small Business
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