Lockport, New York Bank Gives SBA Loan to Home Furnishings Stores Company
Get small business loans from a Lockport, New York bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
First Niagara Bank is a Lockport, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company.
SBA Loan Borrower
COMPANY TYPE: HOME FURNISHINGS STORES
AMHERST, NY 14226
SBA Loan Lender
FIRST NIAGARA BANK
6950 S TRANSIT RD
LOCKPORT, NY 14094
This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
442299 - Home Furnishings Stores
Loan Approval Date
8/16/2001
Loan Approval Gross Amount
$45,000
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $38,250.
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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need business start up money in Amherst NY, you ought to talk with a local Amherst SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Amherst businesses.
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.
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