Borrowing Money for Commercial and Industrial Electric Lighting Fixture Manufacturing

Looking for loans for commercial and industrial electric lighting fixture manufacturing? Talk to a banker who works with the SBA. This $150,000 commercial and industrial electric lighting fixture manufacturing loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Babylon, New York was able to borrow $150,000 from Flushing Savings Bank, Fsb. The SBA made the loan possible by guaranteeing $75,000 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL ELECTRIC LIGHTING FIXTURE MANUFACTURING
WEST BABYLON, NY 11704

SBA Loan Lender

FLUSHING SAVINGS BANK, FSB
33 IRVING PL
NEW YORK CITY, NY 10003

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

335122 - Commercial and Industrial Electric Lighting Fixture Manufacturing

Loan Approval Date

1/3/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Flushing Savings Bank, Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Flushing Savings Bank, Fsb made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

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SBA 7A Banks in New York City, New York

New York SBA 7A Lenders