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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Binghamton, Business Loans > Manufacturers & Traders Trust Binghamton Business Loans > Business Consulting Services Loan | ||||
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SBA Lenders for Binghamton Business Owners
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Binghamton, New York Entrepreneur Gets an SBA LoanNew YorkSBA loans are available to New York entrepreneurs through the SBA. In this case, a New York bank provides the loan. This business, based in Binghamton, New York, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Manufacturers & Traders Trust. We've got the inside scoop on this New York small business loan. SBA Loan Borrower COMPANY TYPE: BUSINESS CONSULTING SERVICES SBA Loan Lender MANUFACTURERS & TRADERS TRUST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8748 - Business Consulting Services NAICS Code 611710 - Educational Support Services Loan Approval Date 5/17/2001 Loan Approval Gross Amount $13,100 Loan Approval from the SBA Of the total $13,100 loan amount, the SBA guaranteed $9,825. 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 did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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: Find an SBA Lender in Binghamton, New York
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