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April 27, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Centereach, Business Loans > Community Building Fund, LLC Centereach Business Loans > Linda's Chem Dry Loan | ||||
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How to Get SBA Loans in Mastic, New York
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Borrow Money to Buy a Chem-Dry FranchiseBorrowing money to invest in a Chem-Dry franchise? Community Building Fund, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Chem-Dry franchise shouldn't be overly burdensome. In 2006, Community Building Fund, LLC issued an SBA franchise loan to an entrepreneur in Mastic, New York. Because Chem-Dry was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower LINDA'S CHEM DRY SBA Loan Lender COMMUNITY BUILDING FUND, LLC This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812990 - Personal Services Loan Approval Date 12/19/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Chem-Dry franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Mastic 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: Chem-Dry Carpet & Upholstery Cleaning Best Banks for Small Business in Centereach, New York
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