Manufacturers & Traders Trust SBA Loan to Full-Service Restaurants Company
Manufacturers & Traders Trust has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them.
This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Manufacturers & Traders Trust, out of Buffalo, New York. The loan was granted and they received $30,000 to help grow their Buffalo, New York business.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
BUFFALO, NY 14202
SBA Loan Lender
MANUFACTURERS & TRADERS TRUST
ONE M & T PLAZA
BUFFALO, NY 14203
This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
722110 - Full-Service Restaurants
Loan Approval Date
10/4/2004
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $15,000.
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 SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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 Credit Cards
Good Banks for Small Business in Buffalo, New York
SBA New York Lenders