Financing for Exterminating and Pest Control Services
Looking for commercial loans for exterminating and pest control services? An SBA loan may be just what you've been looking for. This $150,000 exterminating and pest control services loan was issued by a New York bank.
Getting a small business loan in Dunkirk, New York was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Community Bank, operating out of Silver Creek, New York. Here are the details on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: DISINFECTING AND PEST CONTROL SERVICES
DUNKIRK, NY 14048
SBA Loan Lender
COMMUNITY BANK
228 CENTRAL AVE
SILVER CREEK, NY 14136
This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7342 - Disinfecting and Pest Control Services
NAICS Code
561710 - Exterminating and Pest Control Services
Loan Approval Date
2/24/2003
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 an existing 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 5 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you are working on finding money to start a business in Dunkirk NY, you ought to talk with a local Dunkirk SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dunkirk businesses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Raising Venture Capital
Banks in Silver Creek, New York
SBA Participating Banks in New York