Business Loan from First Niagara Bank Given to Signs And Advertising Specialties Company

An SBA loan from First Niagara Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Chatham, New York business owner got a $476,892 loan.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Niagara Bank, out of Troy, New York. The loan was granted and they received $476,892 to help grow their Chatham, New York business.

SBA Loan Borrower

COMPANY TYPE: SIGNS AND ADVERTISING SPECIALTIES
CHATHAM, NY 12037

SBA Loan Lender

FIRST NIAGARA BANK
32 2ND ST
TROY, NY 12180

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3993 - Signs and Advertising Specialties

NAICS Code

339999 - Manufacturing

Loan Approval Date

2/28/2002

Loan Approval Gross Amount

$476,892

Loan Approval from the SBA

Of the total $476,892 loan amount, the SBA guaranteed $357,669.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 45 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $476,892. How would you spend $476,892 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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