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April 23, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Washington, Business Loans > Natl Consumer Cooperative Washington Business Loans > Hardware Stores Loan | ||||
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Pomona Small Business Loans from Natl Consumer Cooperative
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SBA Loan from Natl Consumer Cooperative Helps Hardware Stores CompanyNatl Consumer Cooperative has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Pomona, New York, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Natl Consumer Cooperative, based in Washington, District of Columbia. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender NATL CONSUMER COOPERATIVE SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 2/13/2004 Loan Approval Gross Amount $195,000 Loan Approval from the SBA Of the total $195,000 loan amount, the SBA guaranteed $146,250. 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 7 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Natl Consumer Cooperative had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Natl Consumer Cooperative made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Microlending as a Small Business Funding Source SBA 7A Lenders in Washington, District of Columbia District of Columbia SBA 7A Lenders
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