Financing for Support Activities for Transportation

With these loans for support activities for transportation, the SBA guarantees the lender that the loan will be repaid. This support activities for transportation loan for $20,000 was given to a New York entrepreneur in 2006.

Getting a small business loan in Delanson, New York was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Of Scotia, operating out of Scotia, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR TRANSPORTATION
DELANSON, NY 12053

SBA Loan Lender

FIRST NATIONAL BANK OF SCOTIA
201 MOHAWK AVE
SCOTIA, NY 12302

This lender processed this business 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

488999 - Support Activities for Transportation

Loan Approval Date

8/30/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

Related Links:

The Art of Bootstrapping

Small Business Banks in Scotia, New York

Getting an SBA Loan in New York