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| Entrepreneur Resources | Newtek Small Business Finance Inc. New York Business Loans | ||||
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Miami, Florida Bank Loan
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Small Business Loans for Commercial BakeriesLooking for small business loans for commercial bakeries? Try the SBA. This $287,000 commercial bakeries loan was issued by a New York bank.
Tammy's Bakery I Corp received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Newtek Small Business Finance Inc., out of New York, New York. The loan was granted and they received $287,000 to help grow their Miami, Florida business. SBA Loan Borrower TAMMY'S BAKERY I CORP SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. 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 311812 - Commercial Bakeries Loan Approval Date 9/5/2007 Loan Approval Gross Amount $287,000 Loan Approval from the SBA Of the total $287,000 loan amount, the SBA guaranteed $215,250. More Information on This SBA Loan The borrower, Tammy's Bakery I Corp, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Tammy's Bakery I Corp walked into Newtek Small Business Finance Inc. and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Role of Business Plan When Raising Money Who Lends Money to Small Businesses in New York, New York Find an SBA Lender in New York If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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