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May 5, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York, Business Loans > New York Business Devel Corp New York Business Loans > Sound Recording Industries Loan | ||||
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New York Business Devel Corp SBA 7A Loans
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Where to Get Capital for Sound Recording IndustriesWith these small business loans for sound recording industries, the SBA guarantees the lender that the loan will be repaid. This sound recording industries loan for $135,000 was given to a New York entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bron, New York was able to borrow $135,000 from New York Business Devel Corp. The SBA made the loan possible by guaranteeing $114,750 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: SOUND RECORDING INDUSTRIES SBA Loan Lender NEW YORK BUSINESS DEVEL CORP This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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. NAICS Code 512290 - Sound Recording Industries Loan Approval Date 2/12/2001 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. 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 45 employees. This SBA loan request did not indicate that the small business promised to use the money 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 small business or need money for an existing business, an SBA loan can be a great way to raise money The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. New York Business Devel Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, New York Business Devel Corp 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: Family and Friend Investors - Your First Financiers Best Banks for Small Business in New York, New York Getting an SBA Loan in New York
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