Small Business Loans for Store Retailers

Looking for small business loans for store retailers? Talk to a banker who works with the SBA. This $225,000 store retailers loan was issued by a New York bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Adirondack Bank, out of Utica, New York. The loan was granted and they received $225,000 to help grow their Dolgeville, New York business.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
DOLGEVILLE, NY 13329

SBA Loan Lender

ADIRONDACK BANK
185 GENESEE ST
UTICA, NY 13501

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

10/6/2005

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 14 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Adirondack Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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 - Friends and Family

SBA 7A Banks for Utica, New York Loans

SBA Participating Banks in New York