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May 2, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Villanova, Business Loans > Sovereign Bank Villanova Business Loans > Nondurable Goods Merchant Wholesalers Loan | ||||
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Best Banks That Lend to New York Entrepreneurs
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New York, New York Entrepreneur Gets a Small Business LoanBank loans in New York are are few and far betweeen these days. We take a look at one New York bank loan, provided by a Pennsylvania bank, that was approved by the SBA. Getting a small business loan in New York, New York was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Sovereign Bank. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender SOVEREIGN BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 424990 - Nondurable Goods Merchant Wholesalers Loan Approval Date 7/27/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Villanova, Pennsylvania Loans
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