Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Business Loans for Cicero Small Business Owners

 

 
Loan Census SBA Loan Info

Raising Money for Metal Service Centers and Metal Merchant Wholesalers

With these business loans for metal service centers and metal merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This metal service centers and metal merchant wholesalers loan for $90,000 was given to a New York entrepreneur in 2005.

Getting a small business loan in Cicero, New York was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Solvay Bank, operating out of Solvay, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL SERVICE CENTERS AND METAL MERCHANT WHOLESALERS
CICERO, NY 13039

SBA Loan Lender

SOLVAY BANK
1537 MILTON AVE
SOLVAY, NY 13209

This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

423510 - Metal Service Centers and Metal Merchant Wholesalers

Loan Approval Date

6/29/2005

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $45,000.

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 indicated that the loan would help generate 1 new job.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Cicero NY, you ought to talk with a local Cicero SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cicero businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $90,000 loan. Remember, if it to be, it is up to me!

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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Solvay, New York

SBA Lenders in New York