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April 29, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > New York City, Business Loans > Citibank New York City Business Loans > Men's Clothing Stores Loan | ||||
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SBA Lender New York City
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New York City, New York Lender Lends Money to Men's Clothing Stores CompanyThinking about meeting with a New York City, New York bank about a small business loan? Here's one Nevada business loan, issued by a New York City bank, that was approved by the SBA. Applying for an SBA loan with Citibank worked out well for our friends at one local firm in Las Vegas, Nevada. The business was able to get an SBA loan for $25,000. Sweet! SBA Loan Borrower COMPANY TYPE: MEN'S CLOTHING STORES SBA Loan Lender CITIBANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 448110 - Men's Clothing Stores Loan Approval Date 8/23/2002 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Role of Business Plan When Raising Money Best Banks in New York City, New York
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