Borrowing Money for Farm Product Raw Material Wholesalers

Looking for bank loans for farm product raw material wholesalers? An SBA loan may be just what you've been looking for. This $125,000 farm product raw material wholesalers loan was issued by a New York bank.

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

SBA Loan Borrower

COMPANY TYPE: FARM-PRODUCT RAW MATERIALS
CHAMPLAIN, NY 12919

SBA Loan Lender

CHAMPLAIN NATIONAL BANK
636 RTE 11
CHAMPLAIN, NY 12919

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5159 - Farm-Product Raw Materials

NAICS Code

422590 - Farm Product Raw Material Wholesalers

Loan Approval Date

2/1/2000

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $93,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $125,000. How would you spend $125,000 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.

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