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May 2, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Brooklyn, Business Loans > Key Direct, A Branch Of Brooklyn Business Loans > Fabricated Structural Metal Manufacturing Loan | ||||
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Small Business Banks That Lend to Buffalo Business Owners
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New York Business Loan Issued to Fabricated Structural Metal Manufacturing CompanySearching for a New York business loan? This New York entrepreneur got a business loan, provided by an Ohio bank that works with the SBA to help small business owners. This business, based in Buffalo, New York, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Key Direct, A Branch Of. We've got the inside scoop on this New York small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED STRUCTURAL METAL MANUFACTURING SBA Loan Lender KEY DIRECT, A BRANCH OF SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 9/29/2003 Loan Approval Gross Amount $462,000 Loan Approval from the SBA Of the total $462,000 loan amount, the SBA guaranteed $346,500. 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 26 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? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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: Obtaining Funding - Getting Venture Capital Best Banks for Small Business in Brooklyn, Ohio
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