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May 3, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Automobile And Motor Vehicle Wholesalers Loan | ||||
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Marcy (marcy State Hospital), New York Bank Loan
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Automobile and Motor Vehicle Wholesalers Commercial LoansWith these commercial loans for automobile and motor vehicle wholesalers, the SBA guarantees the lender that the loan will be repaid. This automobile and motor vehicle wholesalers loan for $270,000 was given to a New York entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marcy (marcy State Hospital), New York was able to borrow $270,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $202,500 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOBILE AND MOTOR VEHICLE WHOLESALERS SBA Loan Lender BANK OF THE WEST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421110 - Automobile and Motor Vehicle Wholesalers Loan Approval Date 2/16/2002 Loan Approval Gross Amount $270,000 Loan Approval from the SBA Of the total $270,000 loan amount, the SBA guaranteed $202,500. 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 10 employees. The SBA loan documents indicated that the loan would help create 10 new jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks in San Francisco, California
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