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May 9, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Durable Goods Wholesalers Loan | ||||
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Woodside, New York Bank Loan
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Bank Loans for Durable Goods WholesalersLooking for bank loans for durable goods wholesalers? Try the SBA. This $100,000 durable goods wholesalers loan was issued by a Rhode Island bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bank Of America, out of Providence, Rhode Island. The loan was granted and they received $100,000 to help grow their Woodside, New York business. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS WHOLESALERS SBA Loan Lender BANK OF AMERICA This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 421990 - Durable Goods Wholesalers Loan Approval Date 4/22/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan If you want money for new small business in Woodside NY, you ought to talk with a local Woodside SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woodside businesses. This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Lenders in Providence, Rhode Island
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