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May 11, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Petroleum And Petroleum Products Loan | ||||
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New York Bank Loan
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New York, New York Bank Lends Money to Petroleum And Petroleum Products Company in Port Carbon, PennsylvaniaWant to talk with a New York, New York bank about a small business loan? Here's one Pennsylvania business loan, issued by a New York bank, that was approved by the SBA. Applying for an SBA loan with Business Loan Center, LLC worked out well for our friends at one local company in Port Carbon, Pennsylvania. They received an SBA loan for $1,235,000. Awesome! SBA Loan Borrower COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS SBA Loan Lender BUSINESS LOAN CENTER, LLC This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and are well trained in SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5172 - Petroleum and Petroleum Products NAICS Code 422720 - Petroleum and Petroleum Products Wholesalers Loan Approval Date 7/14/2000 Loan Approval Gross Amount $1,235,000 Loan Approval from the SBA Of the total $1,235,000 loan amount, the SBA guaranteed $749,991. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 43 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new 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 an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Loan Center, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Find an SBA Lender in New York, New York
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