Nursing Care Facilities Bank Loans
Looking for bank loans for nursing care facilities? Talk to a banker who works with the SBA. This $396,000 nursing care facilities loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Willow Street, Pennsylvania was able to borrow $396,000 from Newtek Small Business Finance Inc.. The SBA made the loan possible by guaranteeing $297,000 of this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: NURSING CARE FACILITIES
WILLOW STREET, PA 17584
SBA Loan Lender
NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018
This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
623110 - Nursing Care Facilities
Loan Approval Date
9/20/2005
Loan Approval Gross Amount
$396,000
Loan Approval from the SBA
Of the total $396,000 loan amount, the SBA guaranteed $297,000.
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 6 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Newtek Small Business Finance Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Understanding Dilution
SBA 7A Banks in New York, New York
SBA Lenders in New York