Troy, New York Lender Lends Money to Flowers, Nursery Stock, And Florists Supplies Company

Find Troy, New York banks that specialize in business loans and know how to work with entrepreneurs. First Niagara Commercial Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Averill Park, New York starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First Niagara Commercial Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FLOWERS, NURSERY STOCK, AND FLORISTS SUPPLIES
AVERILL PARK, NY 12018

SBA Loan Lender

FIRST NIAGARA COMMERCIAL BANK
55 E AVE
TROY, NY 14094

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5193 - Flowers, Nursery Stock, and Florists Supplies

NAICS Code

422930 - Flower, Nursery Stock, and Florists' Supplies Wholesalers

Loan Approval Date

8/27/2001

Loan Approval Gross Amount

$47,374

Loan Approval from the SBA

Of the total $47,374 loan amount, the SBA guaranteed $40,267.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours 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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