How to Get a Loan for Trust, Fiduciary, and Custody Activities
Looking for business loans for trust, fiduciary, and custody activities? The SBA may be the answer. This $227,500 trust, fiduciary, and custody activities loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sun City, Arizona was able to borrow $227,500 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $170,625 of this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: TRUST, FIDUCIARY, AND CUSTODY ACTIVITIES
SUN CITY, AZ 85351
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
523991 - Trust, Fiduciary, and Custody Activities
Loan Approval Date
10/22/2001
Loan Approval Gross Amount
$227,500
Loan Approval from the SBA
Of the total $227,500 loan amount, the SBA guaranteed $170,625.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 5 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.
Start the Process for Getting an SBA Loan Today!
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.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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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