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December 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Castile, Business Loans > The Bank Of Castile Castile Business Loans > Logging Loan | ||||
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SBA Lender Castile
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Castile, New York Bank Lends Money to Logging Company in Caledonia, New YorkThinking about meeting with a Castile, New York bank about a business loan? Here's one New York business loan, issued by a Castile bank, that was approved by the SBA. Applying for an SBA loan with The Bank Of Castile worked out well for our friends at one local company in Caledonia, New York. They received an SBA loan for $87,000. Sweet! SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender THE BANK OF CASTILE 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 113310 - Logging Loan Approval Date 1/11/2007 Loan Approval Gross Amount $87,000 Loan Approval from the SBA Of the total $87,000 loan amount, the SBA guaranteed $43,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business If you want money for new small business in Caledonia NY, you ought to talk with a local Caledonia SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Caledonia businesses. This SBA loan was for $87,000. How would you spend $87,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Participating Banks in Castile, New York
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