Locksmiths Small Business Loans

Looking for small business loans for locksmiths? The SBA may be the answer. This $38,700 locksmiths loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bolivar, New York was able to borrow $38,700 from Community Bank. The SBA made the loan possible by guaranteeing $19,350 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: LOCKSMITHS
BOLIVAR, NY 14715

SBA Loan Lender

COMMUNITY BANK
45-49 COURT ST
CANTON, NY 13617

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561622 - Locksmiths

Loan Approval Date

6/29/2001

Loan Approval Gross Amount

$38,700

Loan Approval from the SBA

Of the total $38,700 loan amount, the SBA guaranteed $19,350.

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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $38,700 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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