Loan Census Banking News and Information
May 12, 2024  
 
 
  Business Loan Information  
 

Best Banks for Albertson, New York Business Owners

 

 
Loan Census SBA Loan Info

Financing for Wine and Distilled Alcoholic Beverage Merchant Wholesalers

With these commercial loans for wine and distilled alcoholic beverage merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This wine and distilled alcoholic beverage merchant wholesalers loan for $100,000 was given to a New York entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albertson, New York was able to borrow $100,000 from Community Building Fund, LLC. The SBA made the loan possible by guaranteeing $85,000 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: WINE AND DISTILLED ALCOHOLIC BEVERAGE MERCHANT WHOLESALERS
ALBERTSON, NY 11507

SBA Loan Lender

COMMUNITY BUILDING FUND, LLC
2100 MIDDLE COUNTRY ROAD,
CENTEREACH, NY 11720

This small 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

424820 - Wine and Distilled Alcoholic Beverage Merchant Wholesalers

Loan Approval Date

4/19/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Albertson NY, you ought to talk with a local Albertson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Albertson businesses.

We can help you find the best banks for small businesses in Albertson or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Famous Venture Capitalists

SBA Banks in Centereach, New York

New York SBA 7A Lenders