SBA Loan from Tioga State Bank Helps Physicians Company

Tioga State Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a New York entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Binghamton, New York was able to borrow $1,345,000 from Tioga State Bank. The SBA made the loan possible by guaranteeing $470,750 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
BINGHAMTON, NY 13905

SBA Loan Lender

TIOGA STATE BANK
RTE 17C
OWEGO, NY 13827

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

11/30/2004

Loan Approval Gross Amount

$1,345,000

Loan Approval from the SBA

Of the total $1,345,000 loan amount, the SBA guaranteed $470,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Binghamton NY, you ought to talk with a local Binghamton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Binghamton businesses.

We can help you find the best banks for small businesses in Binghamton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Small Business Loan

SBA Approved Banks in Owego, New York

Getting an SBA Loan in New York