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May 16, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Convenience Stores Loan | ||||
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Isn Bank Pearl River, New York
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Pearl River, New York Business Gets SBA-Guaranteed Funding from Isn BankIsn Bank has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pearl River, New York was able to borrow $515,000 from Isn Bank. The SBA made the loan possible by guaranteeing $386,250 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender ISN BANK This lender provides SBA bank 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 445120 - Convenience Stores Loan Approval Date 1/24/2005 Loan Approval Gross Amount $515,000 Loan Approval from the SBA Of the total $515,000 loan amount, the SBA guaranteed $386,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Banks in Cherry Hill, New Jersey
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