Where to Get Capital for Marinas
With these SBA loans for marinas, the SBA guarantees the lender that the loan will be repaid. This marinas loan for $1,250,000 was given to a New York entrepreneur in 2004.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Staten Island, New York was able to borrow $1,250,000 from Carver Federal Savings Bank. The SBA made the loan possible by guaranteeing $937,500 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: MARINAS
STATEN ISLAND, NY 11030
SBA Loan Lender
CARVER FEDERAL SAVINGS BANK
111 LIVINGSTON ST
NEW YORK CITY, NY 11201
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
713930 - Marinas
Loan Approval Date
6/16/2004
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. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 20 employees. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 29 existing jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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 $1,250,000 loan. Remember, you control your own destiny.
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.
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