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April 28, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Car Washes Loan | ||||
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Who Can Get a Business Loan in Tonawanda (city), New York?
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Car Washes Bank LoansWith these bank loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $564,000 was given to a New York entrepreneur in 2006. Getting a small business loan in Tonawanda (city), New York was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Business Lenders, LLC, operating out of Hartford, Connecticut. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender BUSINESS LENDERS, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 11/17/2006 Loan Approval Gross Amount $564,000 Loan Approval from the SBA Of the total $564,000 loan amount, the SBA guaranteed $423,000. 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 2 employees. This SBA loan request indicated that the loan would help retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Business Lenders, LLC and they will explain how you can get an SBA loan for your company. 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: Dealing With Venture Capitalists Small Bank Loans in Hartford, Connecticut
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