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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Laundry And Garment Services Loan | ||||
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New York SBA 7A Lenders
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New York, New York Bank Lends Money to Laundry And Garment Services Company in Birmingham, AlabamaGet small business loans from a New York, New York bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Newtek Small Business Finance Inc. is a New York, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Alabama company. SBA Loan Borrower COMPANY TYPE: LAUNDRY AND GARMENT SERVICES SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7219 - Laundry and Garment Services NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 11/17/2003 Loan Approval Gross Amount $318,000 Loan Approval from the SBA Of the total $318,000 loan amount, the SBA guaranteed $238,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 4 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $318,000. How would you spend $318,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Determining Proper Capital Structure for a Business SBA Banks in New York, New York
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