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December 20, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Watertown, Business Loans > Watertown Savings Bank Watertown Business Loans > Eating Places Loan | ||||
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Business Loans for Adams Small Businesses
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Financing for Limited-Service RestaurantsLooking for commercial loans for limited-service restaurants? Try the SBA. This $200,800 limited-service restaurants loan was issued by a New York bank. This business knew how to go about getting a business bank loan. Based in Adams, New York, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Watertown Savings Bank, based in Watertown, New York. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender WATERTOWN SAVINGS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/17/2006 Loan Approval Gross Amount $200,800 Loan Approval from the SBA Of the total $200,800 loan amount, the SBA guaranteed $150,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Microlending as a Small Business Funding Source SBA Approved Banks in Watertown, New York Getting an SBA Loan in New York
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