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November 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > Citibank New York City Business Loans > Investment Banking And Securities Dealing Loan | ||||
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Business Loans from Citibank
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Rockville Centre, New York Business Gets SBA-Guaranteed Funding from CitibankCitibank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New York entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Rockville Centre, New York, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Citibank, based in New York City, New York. SBA Loan Borrower COMPANY TYPE: INVESTMENT BANKING AND SECURITIES DEALING SBA Loan Lender CITIBANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 523110 - Investment Banking and Securities Dealing Loan Approval Date 8/3/2001 Loan Approval Gross Amount $613,500 Loan Approval from the SBA Of the total $613,500 loan amount, the SBA guaranteed $460,125. 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 12 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 24 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $613,500. How would you spend $613,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Participating Banks in New York City, New York Getting an SBA Loan in New York
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