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May 12, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Florists Loan | ||||
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New York Bank SBA Loans
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Business Loan Center, LLC SBA Loan to Florists CompanyWant a Maine SBA loan? Here's one Maine business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bangor, Maine was able to borrow $210,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $157,500 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5992 - Florists Loan Approval Date 10/17/2000 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. 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 8 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. 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 Loan Center, 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: Best Banks for Small Business in New York, New York
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