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May 18, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Commercial Lithographic Printing Loan | ||||
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New York, New York SBA 7A Banks
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New York, New York Bank Gives SBA Loan to Commercial Lithographic Printing CompanyGet to know New York, New York banks that specialize in business loans and know how to work with entrepreneurs. Newtek Small Business Finance Inc. is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Newport News, Virginia starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Newtek Small Business Finance Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: COMMERCIAL LITHOGRAPHIC PRINTING SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This lender provides SBA 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 323110 - Commercial Lithographic Printing Loan Approval Date 8/9/2006 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Newtek Small Business Finance Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Dealing With Venture Capitalists Find an SBA Lender in New York, New York SBA Participating Banks in New York
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