SBA Loans for Nursery and Tree Production

Looking for SBA loans for nursery and tree production? An SBA loan may be just what you've been looking for. This $66,460 nursery and tree production loan was issued by a New York bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Niagara Bank, out of Buffalo, New York. The loan was granted and they received $66,460 to help grow their Alden, New York business.

SBA Loan Borrower

COMPANY TYPE: NURSERY AND TREE PRODUCTION
ALDEN, NY 14004

SBA Loan Lender

FIRST NIAGARA BANK
2421 MAIN ST
BUFFALO, NY 14214

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

111421 - Nursery and Tree Production

Loan Approval Date

4/18/2006

Loan Approval Gross Amount

$66,460

Loan Approval from the SBA

Of the total $66,460 loan amount, the SBA guaranteed $49,845.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

SBIR Funding

SBA Banks in Buffalo, New York

SBA Lenders in New York