 |
 |
November 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New York Business Loan Sources > Akron, Business Loans > Bank Of Akron Akron Business Loans > Nondurable Goods Wholesalers Loan | ||||
 |
||||
Small Business Loans from Bank Of Akron
|
||||
 |
Business Loan from Bank Of Akron Given to Nondurable Goods Wholesalers CompanyAn SBA loan from Bank Of Akron typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clarence Center, New York business owner got a $150,000 loan. This business knew how to go about getting a business bank loan. Based in Clarence Center, New York, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Bank Of Akron, based in Akron, New York. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS WHOLESALERS SBA Loan Lender BANK OF AKRON 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 422990 - Nondurable Goods Wholesalers Loan Approval Date 2/9/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding - How to Decide How Much to Raise Where to Get an SBA Loan in Akron, New York
|
|
||
|
||||
|
|
||||