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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Riverhead, Business Loans > Suffolk Cnty National Bank - Riverh Riverhead Business Loans > Art Dealers Loan | ||||
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Banks Doing SBA Loans in New York
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Riverhead, New York Bank Gives SBA Loan to Art Dealers CompanyA Riverhead, New York small business loan can be yours. Learn how one firm got a $15,000 business loan from this New York bank. This loan to a local firm is a good example of an SBA loan. Suffolk Cnty National Bank - Riverh made the loan and the SBA guaranteed a portion of the loan. Many other New York entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: ART DEALERS SBA Loan Lender SUFFOLK CNTY NATIONAL BANK - RIVERH This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 453920 - Art Dealers Loan Approval Date 1/18/2007 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. 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. 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. Related Links: Small Bank Loans in Riverhead, New York
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