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April 28, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York, Business Loans > Loan Source Incorporated New York Business Loans > Food Service Contractors Loan | ||||
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SBA Loans from Loan Source Incorporated
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Loan Source Incorporated SBA Loan to Food Service Contractors CompanyLoan Source Incorporated has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Astoria, New York, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Loan Source Incorporated, based in New York, New York. SBA Loan Borrower COMPANY TYPE: FOOD SERVICE CONTRACTORS SBA Loan Lender LOAN SOURCE INCORPORATED Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722310 - Food Service Contractors Loan Approval Date 4/10/2007 Loan Approval Gross Amount $480,000 Loan Approval from the SBA Of the total $480,000 loan amount, the SBA guaranteed $360,000. 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 indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business If you need business start up money in Astoria NY, you ought to talk with a local Astoria SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Astoria businesses. We've showcased information on this loan to let you know that businesses like yours 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: Dealing With Venture Capitalists
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