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May 3, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > New York City, Business Loans > New York Community Bank New York City Business Loans > Electrical Wiring Supplies Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Electrical Apparatus, Equipment, Wiring Supplies and Construction Materials Bank LoansWith these bank loans for electrical apparatus, equipment, wiring supplies and construction materials, the SBA guarantees the lender that the loan will be repaid. This electrical apparatus, equipment, wiring supplies and construction materials loan for $5,900 was given to a New Jersey entrepreneur in 2000. Getting a small business loan in Paramus, New Jersey was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from New York Community Bank, operating out of New York City, New York. Here are the details on this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL WIRING SUPPLIES SBA Loan Lender NEW YORK COMMUNITY BANK This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5063 - Electrical Wiring Supplies NAICS Code 421610 - Electrical Apparatus, Equipment, Wiring Supplies and Construction Materials Loan Approval Date 4/7/2000 Loan Approval Gross Amount $5,900 Loan Approval from the SBA Of the total $5,900 loan amount, the SBA guaranteed $2,950. 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 SBA loan application for the borrower indicated that the loan would help create 1 new job. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We can help you find the best banks for small businesses in Paramus 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: Best Banks for Small Business in New York City, New York
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