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May 5, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Printing Ink Manufacturing Loan | ||||
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New York Bank SBA Loans
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Business Loan from Newtek Small Business Finance Inc. Given to Printing Ink Manufacturing CompanyNewtek Small Business Finance Inc. has a track record as a leading provider of SBA loans. Find out how this Georgia entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Atlanta, Georgia, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Newtek Small Business Finance Inc., based in New York, New York. SBA Loan Borrower COMPANY TYPE: PRINTING INK MANUFACTURING SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. 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 325910 - Printing Ink Manufacturing Loan Approval Date 2/16/2007 Loan Approval Gross Amount $296,800 Loan Approval from the SBA Of the total $296,800 loan amount, the SBA guaranteed $222,600. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Banks in New York, New York
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