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November 15, 2024  
 
 
  Business Loan Information  
 

I Need an SBA Loan in Cortland, New York

 

 
Loan Census SBA Loan Info

Financing for Siding Contractors

Looking for commercial loans for siding contractors? Talk to a banker who works with the SBA. This $10,000 siding contractors loan was issued by a New York bank.

This small business knew how to go about getting a business bank loan. Based in Cortland, New York, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Tompkins Trust Company, based in Ithaca, New York.

SBA Loan Borrower

COMPANY TYPE: SIDING CONTRACTORS
CORTLAND, NY 13045

SBA Loan Lender

TOMPKINS TRUST COMPANY
110 N TIOGA ST, THE COMMONS
ITHACA, NY 14850

This lender processed this SBA bank loan 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

238170 - Siding Contractors

Loan Approval Date

3/8/2007

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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