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May 10, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Fresh Fruit And Vegetable Wholesalers Loan | ||||
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Small Business Banks for Bronx (borough Of New York), New York Small Business Owners
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Where to Get Capital for Fresh Fruit and Vegetable WholesalersWith these small business loans for fresh fruit and vegetable wholesalers, the SBA guarantees the lender that the loan will be repaid. This fresh fruit and vegetable wholesalers loan for $100,000 was given to a New York entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bronx (borough Of New York), New York was able to borrow $100,000 from Bank Of America. The SBA made the loan possible by guaranteeing $50,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: FRESH FRUIT AND VEGETABLE WHOLESALERS SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 422480 - Fresh Fruit and Vegetable Wholesalers Loan Approval Date 10/11/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Providence, Rhode Island
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