Amityville, New York Entrepreneur Gets a Small Business Loan

Looking to get a New York small business loan? This New York entrepreneur got a small business loan, provided by a New York bank that works with the SBA to help small business owners.

Getting a small business loan in Amityville, New York was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from New York Commercial Bank. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCTS
AMITYVILLE, NY 11701

SBA Loan Lender

NEW YORK COMMERCIAL BANK
1601 VETERANS MEMORIAL HWY, S
ISLANDIA, NY 11749

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2499 - Wood Products

NAICS Code

233310 - Manufacturing and Industrial Building Construction

Loan Approval Date

5/4/2001

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $802,500.

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 50 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Amityville NY, you ought to talk with a local Amityville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Amityville businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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