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May 18, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Mahwah, Business Loans > Td Banknorth Mahwah Business Loans > Fruit And Vegetable Markets Loan | ||||
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SBA Lender Mahwah
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Mahwah, New Jersey Bank Gives SBA Loan to Fruit And Vegetable Markets CompanyWant to talk with a Mahwah, New Jersey bank about a small business loan? Here's one New York business loan, issued by a Mahwah bank, that was approved by the SBA. Applying for an SBA loan with Td Banknorth worked out well for our friends at one local firm in Woodstock, New York. They got an SBA loan for $147,500. Way to go! SBA Loan Borrower COMPANY TYPE: FRUIT AND VEGETABLE MARKETS SBA Loan Lender TD BANKNORTH This lender provides SBA commercial 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 445230 - Fruit and Vegetable Markets Loan Approval Date 12/28/2001 Loan Approval Gross Amount $147,500 Loan Approval from the SBA Of the total $147,500 loan amount, the SBA guaranteed $125,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan If you are working on finding money to start a business in Woodstock NY, you ought to talk with a local Woodstock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woodstock businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Raising VC Money for Social Networking Companies SBA Banks in Mahwah, New Jersey SBA Participating Banks in New Jersey
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