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May 13, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Albany, Business Loans > New York Business Devel Corp Albany Business Loans > Hardwood Veneer And Plywood Manufacturing Loan | ||||
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Oswego SBA Loans
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New York Business Devel Corp Gives Business Loan to Hardwood Veneer And Plywood Manufacturing CompanyNew YorkSmall business loans are available to New York small business owners through the SBA. In this case, a New York bank provides the loan. This small business, based in Oswego, New York, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from New York Business Devel Corp. We've got the inside scoop on this New York small business loan. SBA Loan Borrower COMPANY TYPE: HARDWOOD VENEER AND PLYWOOD MANUFACTURING SBA Loan Lender NEW YORK BUSINESS DEVEL CORP 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 321211 - Hardwood Veneer and Plywood Manufacturing Loan Approval Date 10/5/2005 Loan Approval Gross Amount $681,400 Loan Approval from the SBA Of the total $681,400 loan amount, the SBA guaranteed $511,050. 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 50 employees. The SBA loan application for the borrower indicated that the loan would help generate 18 new jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
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