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April 28, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York, Business Loans > Loan Source Incorporated New York Business Loans > General Long-Distance Freight Trucking Loan | ||||
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Loan Source Incorporated
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Business Loan from Loan Source Incorporated Given to General Long-Distance Freight Trucking CompanyLoan Source Incorporated has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them. Getting a small business loan in New York, New York was an essential business goal for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Loan Source Incorporated, operating out of New York, New York. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender LOAN SOURCE INCORPORATED 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 484121 - General Long-Distance Freight Trucking Loan Approval Date 11/18/2004 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. 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 12 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Loan Source Incorporated had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Loan Source Incorporated made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 - How to Decide How Much to Raise Best Banks in New York, New York
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