Business Loan from Tioga State Bank Given to Fish Hatcheries And Preserves Company

An SBA loan from Tioga State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Candor, New York business owner got a $70,000 loan.

Getting a small business loan in Candor, New York was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Tioga State Bank, operating out of Spencer, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: FISH HATCHERIES AND PRESERVES
CANDOR, NY 13743

SBA Loan Lender

TIOGA STATE BANK
1 MAIN ST
SPENCER, NY 14883

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0921 - Fish Hatcheries and Preserves

Loan Approval Date

8/18/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $52,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Tioga State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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