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May 13, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Glass And Glazing Work Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Where to Get Capital for Glass and Glazing ContractorsWith these SBA loans for glass and glazing contractors, the SBA guarantees the lender that the loan will be repaid. This glass and glazing contractors loan for $152,000 was given to an Illinois entrepreneur in 2000. This small business knew how to go about getting a business bank loan. Based in River Branch Junction, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Business Loan Center, LLC, based in New York, New York. SBA Loan Borrower COMPANY TYPE: GLASS AND GLAZING WORK SBA Loan Lender BUSINESS LOAN CENTER, LLC 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. SIC Code 1793 - Glass and Glazing Work NAICS Code 235920 - Glass and Glazing Contractors Loan Approval Date 4/5/2000 Loan Approval Gross Amount $152,000 Loan Approval from the SBA Of the total $152,000 loan amount, the SBA guaranteed $114,000. 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 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Business Loan Center, LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Business Loan Center, LLC 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: SBA 7A Banks for New York, New York Loans
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