Albany, New York Bank Gives SBA Loan to Structural Steel And Precast Concrete Contractors Company
Get small business loans from an Albany, 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.
New York Business Devel Corp is a Albany, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company.
SBA Loan Borrower
COMPANY TYPE: STRUCTURAL STEEL AND PRECAST CONCRETE CONTRACTORS
EDEN (RR NAME EDEN CENTER), NY 14057
SBA Loan Lender
NEW YORK BUSINESS DEVEL CORP
50 BEAVER STREET, P.O. BOX 73
ALBANY, NY 12201
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238120 - Structural Steel and Precast Concrete Contractors
Loan Approval Date
8/6/2007
Loan Approval Gross Amount
$1,000,000
Loan Approval from the SBA
Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.
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 100 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are working on finding money to start a business in Eden (rr Name Eden Center) NY, you ought to talk with a local Eden (rr Name Eden Center) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Eden (rr Name Eden Center) businesses.
We can help you find the best banks for small businesses in Eden (rr Name Eden Center) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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