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May 2, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > Industrial Bank Of Korea New York City Business Loans > Hats, Caps, And Millinery Loan | ||||
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New York Small Business Funding
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Hat, Cap, and Millinery Manufacturing LoansWith these loans for hat, cap, and millinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This hat, cap, and millinery manufacturing loan for $150,000 was given to a New York entrepreneur in 2002. This small firm knew how to go about getting a business bank loan. Based in New York, New York, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Industrial Bank Of Korea, based in New York City, New York. SBA Loan Borrower COMPANY TYPE: HATS, CAPS, AND MILLINERY SBA Loan Lender INDUSTRIAL BANK OF KOREA This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2353 - Hats, Caps, and Millinery NAICS Code 315991 - Hat, Cap, and Millinery Manufacturing Loan Approval Date 10/25/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in New York 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. Related Links: Obtaining Funding - Getting Venture Capital Good Banks for Small Business in New York City, New York
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