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December 19, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > New York, Business Loans > Grow America Fund Inc New York Business Loans > Plumbing And Heating Equipment And Supplies Merchant Wholesaler Loan | ||||
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We Needed an SBA 7A Loan in Tacoma, Washington and We Got One!
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Get an SBA Loan for Plumbing and Heating Equipment and Supplies Merchant WholesalerLooking for small business loans for plumbing and heating equipment and supplies merchant wholesaler? An SBA loan may be just what you've been looking for. This $415,000 plumbing and heating equipment and supplies merchant wholesaler loan was issued by a New York bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Grow America Fund Inc, out of New York, New York. The loan was granted and they received $415,000 to help grow their Tacoma, Washington business. SBA Loan Borrower COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES MERCHANT WHOLESALER SBA Loan Lender GROW AMERICA FUND INC The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423720 - Plumbing and Heating Equipment and Supplies Merchant Wholesaler Loan Approval Date 12/10/2003 Loan Approval Gross Amount $415,000 Loan Approval from the SBA Of the total $415,000 loan amount, the SBA guaranteed $311,250. 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 16 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Small Bank Loans in New York, New York Getting an SBA Loan in New York
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