SBA Loans for Sewing, Needlework, and Piece Goods Stores

Looking for SBA loans for sewing, needlework, and piece goods stores? An SBA loan may be just what you've been looking for. This $100,000 sewing, needlework, and piece goods stores loan was issued by a New York bank.

This small business knew how to go about getting a business bank loan. Based in Cazenovia, New York, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Oneida Savings Bank, based in Oneida, New York.

SBA Loan Borrower

COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES
CAZENOVIA, NY 13035

SBA Loan Lender

THE ONEIDA SAVINGS BANK
182 MAIN ST
ONEIDA, NY 13421

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

8/12/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Cazenovia NY, you ought to talk with a local Cazenovia SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cazenovia businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from The Oneida Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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New York SBA Banks