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May 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Albany, Business Loans > New York Business Devel Corp Albany Business Loans > Mobile Food Services Loan | ||||
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Albany, New York SBA 7A Banks
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Albany, New York Lender Lends Money to Mobile Food Services CompanyWant to talk with an Albany, New York bank about a business loan? Here's one New York business loan, issued by an Albany bank, that was approved by the SBA. Applying for an SBA loan with New York Business Devel Corp worked out well for our friends at one local firm in Monsey, New York. They received an SBA loan for $446,250. Way to go! SBA Loan Borrower COMPANY TYPE: MOBILE FOOD SERVICES SBA Loan Lender NEW YORK BUSINESS DEVEL CORP The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722330 - Mobile Food Services Loan Approval Date 8/20/2003 Loan Approval Gross Amount $446,250 Loan Approval from the SBA Of the total $446,250 loan amount, the SBA guaranteed $334,688. 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 30 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: SBA Participating Banks in Albany, New York
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