Hand and Edge Tool Manufacturing Business Loans

With these business loans for hand and edge tool manufacturing, the SBA guarantees the lender that the loan will be repaid. This hand and edge tool manufacturing loan for $50,000 was given to a New York entrepreneur in 2001.

Getting a small business loan in East Rochester, New York was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Canandaigua National Bank & Trust, operating out of Canandaigua, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOL ACCESSORIES
EAST ROCHESTER, NY 14445

SBA Loan Lender

CANANDAIGUA NATIONAL BANK & TRUST
72 S MAIN ST
CANANDAIGUA, NY 14424

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3545 - Machine Tool Accessories

NAICS Code

332212 - Hand and Edge Tool Manufacturing

Loan Approval Date

9/14/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Canandaigua National Bank & Trust and they will explain how you can get an SBA loan for your company.

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:

Business Line of Credit

SBA Banks in Canandaigua, New York

SBA Participating Banks in New York