Business Loan from Td Banknorth Given to Water Transportation Of Passengers Company

Td Banknorth has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albany, New York was able to borrow $206,400 from Td Banknorth. The SBA made the loan possible by guaranteeing $154,800 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER TRANSPORTATION OF PASSENGERS
ALBANY, NY 12205

SBA Loan Lender

TD BANKNORTH
237 GLEN ST
GLENS FALLS, NY 12801

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4489 - Water Transportation of Passengers

Loan Approval Date

4/6/2000

Loan Approval Gross Amount

$206,400

Loan Approval from the SBA

Of the total $206,400 loan amount, the SBA guaranteed $154,800.

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 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $206,400. How would you spend $206,400 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.

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