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May 7, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Grocery And Related Products Merchant Wholesalers Loan | ||||
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SBA 7A Banks That Lend to Culver City Business Owners
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Culver City, California Entrepreneur Gets a Bank LoanCaliforniaSmall business loans are available to California small business owners through the SBA. In this case, a New York bank provides the loan. You can learn something about getting a small business loan in Culver City, California by studying this loan to a local company, made back in 2005. Banks like Newtek Small Business Finance Inc. may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY AND RELATED PRODUCTS MERCHANT WHOLESALERS SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424490 - Grocery and Related Products Merchant Wholesalers Loan Approval Date 11/23/2005 Loan Approval Gross Amount $357,000 Loan Approval from the SBA Of the total $357,000 loan amount, the SBA guaranteed $267,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Newtek Small Business Finance Inc. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - Friends and Family Best Banks for Small Business in New York, New York
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