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April 27, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cranbury, Business Loans > 1st Constitution Bank Cranbury Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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SBA Lender New York New York
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New York, New York Entrepreneur Gets a Bank LoanWant a New York SBA loan? This New York entrepreneur got an SBA loan, provided by a New Jersey bank that works with the SBA to help small business owners. Getting a small business loan in New York, New York was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from 1st Constitution Bank. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender 1ST CONSTITUTION BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 8/9/2005 Loan Approval Gross Amount $850,000 Loan Approval from the SBA Of the total $850,000 loan amount, the SBA guaranteed $637,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st Constitution Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st Constitution Bank 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: SBA Participating Banks in Cranbury, New Jersey
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