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May 18, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New York City, Business Loans > Carver Federal Savings Bank New York City Business Loans > Fuel Oil Dealers Loan | ||||
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Carver Federal Savings Bank SBA Loans
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Getting an SBA Loan for Heating Oil DealersLooking for commercial loans for heating oil dealers? Try the SBA. This $45,000 heating oil dealers loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Freeport, New York was able to borrow $45,000 from Carver Federal Savings Bank. The SBA made the loan possible by guaranteeing $36,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: FUEL OIL DEALERS SBA Loan Lender CARVER FEDERAL SAVINGS BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5983 - Fuel Oil Dealers NAICS Code 454311 - Heating Oil Dealers Loan Approval Date 4/13/2000 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $36,000. 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 only one employee. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Freeport or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Accountant's Role in Securing Financing SBA 7A Lenders in New York City, New York
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