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May 6, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Furniture Stores Loan | ||||
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SBA Lender New York
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New York, New York Bank Lends Money to Furniture Stores Company in Merced, CaliforniaThinking about meeting with a New York, New York bank about a small business loan? Here's one California business loan, issued by a New York bank, that was approved by the SBA. Applying for an SBA loan with Business Loan Center, LLC worked out well for our friends at one local company in Merced, California. They received an SBA loan for $833,500. Great job! SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA guaranteed business 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 442110 - Furniture Stores Loan Approval Date 12/30/2005 Loan Approval Gross Amount $833,500 Loan Approval from the SBA Of the total $833,500 loan amount, the SBA guaranteed $625,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 - How to Borrow Money Best New York, New York Banks for Small Business Getting an SBA Loan in New York
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