Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

New York, New York Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Entrepreneur Works With New York, New York Bank to Get an SBA Loan

Get SBA loans from a New York, New York bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Grow America Fund Inc is a New York, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Massachusetts company.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
GARDNER, MA 01440

SBA Loan Lender

GROW AMERICA FUND INC
708 THIRD AVENUE, SUITE 710
NEW YORK, NY 10017

This lender provides SBA commercial 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

722110 - Full-Service Restaurants

Loan Approval Date

7/14/2006

Loan Approval Gross Amount

$147,900

Loan Approval from the SBA

Of the total $147,900 loan amount, the SBA guaranteed $125,715.

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 application for the borrower indicated that the loan would help generate 14 new jobs and retain 15 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $147,900. How would you spend $147,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Angel Investors

Small Business Banks in New York, New York

Browse All Business Loan Sources for New York